https://www.taxtmi.com/caselaws?id=368676 The Commissioner ruled that the Interest Free Maintenance Security (IFMS) collected by the housing society from flat owners was not subject to service tax. The Commissioner found that the IFMS was a security deposit and not a consideration for services provided, as the appellants were already paying service tax on actual maintenance charges. Referring to legal provisions and judicial precedents, including a Supreme Court judgment, the Commissioner allowed the appeal, setting aside the order demanding service tax on IFMS. en-us Tue, 09 Oct 2018 00:00:00 +0530 Fri, 12 Oct 2018 09:51:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368676 The Commissioner ruled that the Interest Free Maintenance Security (IFMS) collected by the housing society from flat owners was not subject to service tax. The Commissioner found that the IFMS was a security deposit and not a consideration for services provided, as the appellants were already paying service tax on actual maintenance charges. Referring to legal provisions and judicial precedents, including a Supreme Court judgment, the Commissioner allowed the appeal, setting aside the order demanding service tax on IFMS. Case-Laws Service Tax Tue, 09 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368676