https://www.taxtmi.com/article/detailed?id=394 Whether government reimbursements to sugar mills for holding buffer stock are taxable as storage and warehousing services is answered negatively: mills retain ownership and hold stock under statutory direction, and payments reimbursing interest, insurance and storage are compensatory subsidies for statutory compliance to stabilise supply and price, not consideration for providing warehousing to the government; therefore the essential relationship of service provider and service receiver and the elements for service tax liability are absent. en-us Fri, 19 Jun 2009 00:00:00 +0530 Fri, 19 Jun 2009 17:01:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=394 Whether government reimbursements to sugar mills for holding buffer stock are taxable as storage and warehousing services is answered negatively: mills retain ownership and hold stock under statutory direction, and payments reimbursing interest, insurance and storage are compensatory subsidies for statutory compliance to stabilise supply and price, not consideration for providing warehousing to the government; therefore the essential relationship of service provider and service receiver and the elements for service tax liability are absent. Articles Service Tax Fri, 19 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=394