https://www.taxtmi.com/caselaws?id=365150 The Tribunal found the demand for Service Tax on the refundable security deposit to be erroneous as it did not qualify as consideration under Section 67. The Tribunal confirmed the demand for Service Tax on the annual rent as defined in the agreement. The Appellant was directed to pay interest on the delayed deposit, while the penalty under Section 78 was set aside. The impugned order was modified, and the appeal by the Appellants was partly allowed in specified terms. en-us Tue, 24 Jul 2018 00:00:00 +0530 Sat, 11 Aug 2018 08:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365150 The Tribunal found the demand for Service Tax on the refundable security deposit to be erroneous as it did not qualify as consideration under Section 67. The Tribunal confirmed the demand for Service Tax on the annual rent as defined in the agreement. The Appellant was directed to pay interest on the delayed deposit, while the penalty under Section 78 was set aside. The impugned order was modified, and the appeal by the Appellants was partly allowed in specified terms. Case-Laws Service Tax Tue, 24 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365150