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Service Tax - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

The amount is refundable in case of termination of the ownership ...


Refund Denied: Security Deposit Refund Only Upon Termination of Ownership Agreement, Demand Set Aside.

November 7, 2019

Case Laws     Service Tax     AT

The amount is refundable in case of termination of the ownership agreement and if no such termination has taken place till date, the amount would not be refunded. As long as the provisions for refund of the said amount in the agreement itself is there, it has to be considered that the said amount is refundable and was towards security deposits - Demand set aside.

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