https://www.taxtmi.com/caselaws?id=358434 The Supreme Court clarified that foreman commission in chit fund businesses is not liable for service tax under Section 65(12)(v) of the Finance Act 1994 as it does not fall under the purview of "cash management." Additionally, the Court determined that chit fund business cannot be categorized as a form of fund management as it does not align with the concept of fund management. The Tribunal, following the Supreme Court's decision, set aside the service tax demands on foreman commission in chit fund businesses, providing a conclusive resolution on the taxation aspects of chit fund operations. en-us Wed, 13 Dec 2017 00:00:00 +0530 Tue, 10 Apr 2018 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358434 The Supreme Court clarified that foreman commission in chit fund businesses is not liable for service tax under Section 65(12)(v) of the Finance Act 1994 as it does not fall under the purview of "cash management." Additionally, the Court determined that chit fund business cannot be categorized as a form of fund management as it does not align with the concept of fund management. The Tribunal, following the Supreme Court's decision, set aside the service tax demands on foreman commission in chit fund businesses, providing a conclusive resolution on the taxation aspects of chit fund operations. Case-Laws Service Tax Wed, 13 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358434