https://www.taxtmi.com/caselaws?id=236789 The Tribunal upheld the demand for service tax on expenses incurred by trusts engaged in fund collection and investment activities, rejecting the argument that trusts and investors should be considered the same entity. It ruled that trust expenses could be subject to service tax, emphasizing the distinction between trusts and investors. However, the appellants were granted eligibility for CENVAT credit on service tax paid by service providers, leading to a significant reduction in their overall liability. The Tribunal directed the appellants to pre-deposit a specified amount to stay the recovery of remaining dues during the appeal process. en-us Wed, 10 Apr 2013 00:00:00 +0530 Sat, 07 Sep 2013 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236789 The Tribunal upheld the demand for service tax on expenses incurred by trusts engaged in fund collection and investment activities, rejecting the argument that trusts and investors should be considered the same entity. It ruled that trust expenses could be subject to service tax, emphasizing the distinction between trusts and investors. However, the appellants were granted eligibility for CENVAT credit on service tax paid by service providers, leading to a significant reduction in their overall liability. The Tribunal directed the appellants to pre-deposit a specified amount to stay the recovery of remaining dues during the appeal process. Case-Laws Service Tax Wed, 10 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236789