https://www.taxtmi.com/caselaws?id=260700 The tribunal ruled in favor of the appellant in a case concerning the classification of services under banking and financial services. The core issue was whether the appellant's activities, related to collecting octroi on behalf of municipal bodies, qualified as banking and financial services. The tribunal found that the appellant did not meet the criteria to be classified as a financial institution and that their services did not align with the comprehensive scope of cash management as defined. As a result, the tribunal allowed the appellant's appeal, rejecting the Revenue's appeals and setting aside the order in favor of the appellant. en-us Tue, 12 May 2015 00:00:00 +0530 Wed, 13 Jan 2016 14:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260700 The tribunal ruled in favor of the appellant in a case concerning the classification of services under banking and financial services. The core issue was whether the appellant's activities, related to collecting octroi on behalf of municipal bodies, qualified as banking and financial services. The tribunal found that the appellant did not meet the criteria to be classified as a financial institution and that their services did not align with the comprehensive scope of cash management as defined. As a result, the tribunal allowed the appellant's appeal, rejecting the Revenue's appeals and setting aside the order in favor of the appellant. Case-Laws Service Tax Tue, 12 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260700