Service or not - The collection of contribution to build a ...
Case Laws Service Tax
February 14, 2020
Service or not - The collection of contribution to build a corpus fund to secure the depositors’ interest is not a mere transaction in money. The service rendered by the appellants does not find place either in the exclusion or in the Negative List. - the activity undertaken by the appellants is not transaction in money. - Demand of service tax confirmed - Penalty waived.
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