https://www.taxtmi.com/caselaws?id=1546 The Tribunal set aside the order confirming a service tax demand and education cess against appellants engaged in hire purchase finance, ruling that hire purchase finance differs from hire purchase agreements. Citing Sundaram Finance Ltd. v. State of Kerala, the Tribunal held that in hire purchase finance, the customer owns the goods from the start, unlike in hire purchase where ownership transfers upon full payment. Consequently, the Tribunal allowed the appeal, finding that the appellants' activities fell outside the scope of Section 65(10) of the Finance Act, 1994. en-us Thu, 03 May 2007 00:00:00 +0530 Fri, 28 Mar 2014 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1546 The Tribunal set aside the order confirming a service tax demand and education cess against appellants engaged in hire purchase finance, ruling that hire purchase finance differs from hire purchase agreements. Citing Sundaram Finance Ltd. v. State of Kerala, the Tribunal held that in hire purchase finance, the customer owns the goods from the start, unlike in hire purchase where ownership transfers upon full payment. Consequently, the Tribunal allowed the appeal, finding that the appellants' activities fell outside the scope of Section 65(10) of the Finance Act, 1994. Case-Laws Service Tax Thu, 03 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1546