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Service Tax - Highlights / Catch Notes

Home Highlights October 2018 Year 2018 This

Liability of service tax - Chit transaction - The legislature ...

Case Laws     Service Tax

October 17, 2018

Liability of service tax - Chit transaction - The legislature felt the need for inclusion of the transactions within the fold of service and hence amended the Finance Act, 1994 by Finance Act, 2015. As a corollary it has to be understood that it was not taxable prior to the amendment. - Refund to be allowed, subject to unjust enrichment.

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