https://www.taxtmi.com/news?id=894 The court held Parliament may levy service tax on service charges rendered by financiers in hire purchase and leasing arrangements while States may levy sales tax on the sale or deemed sale of goods, because financiers provide distinct banking and financial services secured by hypothecation and collectors separate service charges (with interest excluded), so the two levies operate on different elements of the transaction without constitutional conflict. en-us Thu, 18 Jun 2009 22:05:24 +0530 Thu, 18 Jun 2009 22:05:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=894 The court held Parliament may levy service tax on service charges rendered by financiers in hire purchase and leasing arrangements while States may levy sales tax on the sale or deemed sale of goods, because financiers provide distinct banking and financial services secured by hypothecation and collectors separate service charges (with interest excluded), so the two levies operate on different elements of the transaction without constitutional conflict. News - Thu, 18 Jun 2009 22:05:24 +0530 https://www.taxtmi.com/news?id=894