https://www.taxtmi.com/article/detailed?id=6223 The tribunal held that where contemporaneous audited financial statements and accounting records classify receipts from a related party as loans or inter-corporate deposits, with repayments within the same financial year, absence of invoice adjustments, and no correlation between repayments and service charges, such sums are not consideration for services and therefore do not attract service tax. en-us Mon, 20 Apr 2015 10:55:43 +0530 Mon, 20 Apr 2015 10:55:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6223 The tribunal held that where contemporaneous audited financial statements and accounting records classify receipts from a related party as loans or inter-corporate deposits, with repayments within the same financial year, absence of invoice adjustments, and no correlation between repayments and service charges, such sums are not consideration for services and therefore do not attract service tax. Articles Service Tax Mon, 20 Apr 2015 10:55:43 +0530 https://www.taxtmi.com/article/detailed?id=6223