https://www.taxtmi.com/caselaws?id=331884 The Authority held that the money/contribution received by a company against shares from prospective members for establishing a luxurious club is taxable as a service under the Finance Act, 1994. However, they clarified that refundable deposits from prospective members are not taxable as a service under the same provisions. The judgment underscores the broad interpretation of "activity" and the differentiation between shares and refundable deposits for taxability under the Finance Act, 1994. en-us Fri, 12 Aug 2016 00:00:00 +0530 Sat, 18 Feb 2017 16:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331884 The Authority held that the money/contribution received by a company against shares from prospective members for establishing a luxurious club is taxable as a service under the Finance Act, 1994. However, they clarified that refundable deposits from prospective members are not taxable as a service under the same provisions. The judgment underscores the broad interpretation of "activity" and the differentiation between shares and refundable deposits for taxability under the Finance Act, 1994. Case-Laws Service Tax Fri, 12 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331884