https://www.taxtmi.com/caselaws?id=341932 Amounts compulsorily collected by a statutory welfare body as administrative charges, inspection charges, penal damages, interest on delayed payment, interest on investments, pension fund receipts and miscellaneous receipts were treated as statutory collections, not consideration for a service. Because the payments arose from mandated functions under the provident fund law and there was no identifiable service recipient relationship, they did not fall within banking and other financial services. The service tax demand and related penalties were therefore unsustainable. en-us Thu, 13 Apr 2017 00:00:00 +0530 Thu, 09 Nov 2017 16:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341932 Amounts compulsorily collected by a statutory welfare body as administrative charges, inspection charges, penal damages, interest on delayed payment, interest on investments, pension fund receipts and miscellaneous receipts were treated as statutory collections, not consideration for a service. Because the payments arose from mandated functions under the provident fund law and there was no identifiable service recipient relationship, they did not fall within banking and other financial services. The service tax demand and related penalties were therefore unsustainable. Case-Laws Service Tax Thu, 13 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341932