https://www.taxtmi.com/caselaws?id=376163 The Tribunal held that notional interest on refundable security deposits should not be included in the consideration for payment of service tax. The appeal, challenging the demand for service tax on security deposit interest, was allowed, setting aside the order confirming the tax liability. The Tribunal emphasized that security deposits serve a different purpose and are not a consideration for services rendered, aligning with previous decisions excluding notional interest from service tax valuation. en-us Wed, 09 Jan 2019 00:00:00 +0530 Fri, 07 Jun 2019 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376163 The Tribunal held that notional interest on refundable security deposits should not be included in the consideration for payment of service tax. The appeal, challenging the demand for service tax on security deposit interest, was allowed, setting aside the order confirming the tax liability. The Tribunal emphasized that security deposits serve a different purpose and are not a consideration for services rendered, aligning with previous decisions excluding notional interest from service tax valuation. Case-Laws Service Tax Wed, 09 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376163