Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
CESTAT upheld the service tax demand against a non-banking financial company for collection of receivables, classifying the service under "banking and other financial services" rather than "collection agency services". The Tribunal confirmed the Principal Commissioner's jurisdiction to issue show-cause notices, validated the tax assessment using weighted average method, and determined that the collection charges constituted taxable consideration. While rejecting additional claims regarding liquidity facility taxation, the Tribunal found the valuation method reasonable and dismissed both the appellant's and Revenue's appeals, maintaining the original tax assessment.
CESTAT upheld the service tax demand against a non-banking financial company for collection of receivables, classifying the service under "banking and other financial services" rather than "collection agency services". The Tribunal confirmed the Principal Commissioner's jurisdiction to issue show-cause notices, validated the tax assessment using weighted average method, and determined that the collection charges constituted taxable consideration. While rejecting additional claims regarding liquidity facility taxation, the Tribunal found the valuation method reasonable and dismissed both the appellant's and Revenue's appeals, maintaining the original tax assessment.
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