https://www.taxtmi.com/caselaws?id=355706 Amounts retained by a chit fund manager while conducting chit fund services were considered in the context of service tax under banking and other financial services. The Tribunal noted that the issue was no longer res integra because the Supreme Court had already held that such retained amounts are not taxable under that category. On that basis, the service tax demand on the retained portion could not be sustained. en-us Wed, 27 Dec 2017 00:00:00 +0530 Sat, 17 Feb 2018 06:42:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355706 Amounts retained by a chit fund manager while conducting chit fund services were considered in the context of service tax under banking and other financial services. The Tribunal noted that the issue was no longer res integra because the Supreme Court had already held that such retained amounts are not taxable under that category. On that basis, the service tax demand on the retained portion could not be sustained. Case-Laws Service Tax Wed, 27 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355706