Saturday, February 22, 2020

Collection of Contribution to Build Corpus Fund to Secure Depositors Interest liable to pay Service Tax: CESTAT [Read Order]

The Customs Excise & Service Tax Appellate Tribunal (CESTAT) has held that the collection of contribution to build a corpus fund to secure the depositors’ interest is not a mere transaction in money so is the appellant liable to pay Service Tax. The appellant, Kerala Cooperative Deposit Guarantee Fund Board is constituted, under Kerala Cooperative […]

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