https://www.taxtmi.com/caselaws?id=235431 The Tribunal dismissed the Revenue's appeal against an Order-in-Appeal ruling that buffer stock subsidy received by respondent-sugar factories was not subject to service tax under storage and warehousing services. The Tribunal relied on a precedent from the High Court of Punjab & Haryana, which held that such subsidies should not be considered as payment for services rendered, thus exempting them from service tax. The Court highlighted that sugar factories store sugar for themselves, not for others, and subsidies are akin to negative taxation, not liable to positive tax under service tax laws. en-us Fri, 31 May 2013 00:00:00 +0530 Fri, 24 Feb 2017 11:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235431 The Tribunal dismissed the Revenue's appeal against an Order-in-Appeal ruling that buffer stock subsidy received by respondent-sugar factories was not subject to service tax under storage and warehousing services. The Tribunal relied on a precedent from the High Court of Punjab & Haryana, which held that such subsidies should not be considered as payment for services rendered, thus exempting them from service tax. The Court highlighted that sugar factories store sugar for themselves, not for others, and subsidies are akin to negative taxation, not liable to positive tax under service tax laws. Case-Laws Service Tax Fri, 31 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235431