https://www.taxtmi.com/caselaws?id=325170 The Supreme Court upheld the High Court's decision, ruling that services provided by a bank, including cash management services, were not liable to service tax under the category of "business auxiliary service." The Court emphasized the specific coverage of banking and financial services under Section 65(12) of the Finance Act, 1994, and the removal of the exclusion of cash management services from tax liability from 01.06.2007 onwards. The judgment highlighted the importance of specific descriptions over general ones in classifying taxable services, ultimately dismissing the Revenue's appeals. en-us Thu, 18 Feb 2016 00:00:00 +0530 Sat, 17 Sep 2016 15:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325170 The Supreme Court upheld the High Court's decision, ruling that services provided by a bank, including cash management services, were not liable to service tax under the category of "business auxiliary service." The Court emphasized the specific coverage of banking and financial services under Section 65(12) of the Finance Act, 1994, and the removal of the exclusion of cash management services from tax liability from 01.06.2007 onwards. The judgment highlighted the importance of specific descriptions over general ones in classifying taxable services, ultimately dismissing the Revenue's appeals. Case-Laws Service Tax Thu, 18 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325170