https://www.taxtmi.com/caselaws?id=376165 The Appellate Tribunal CESTAT ALLAHABAD clarified that banking charges deducted by the appellant were not considered as consideration for providing services under the Finance Act, 1994. The Tribunal categorized the transactions between the appellant and companies with captive power generation plants as sale and purchase of goods, not involving any service element. Consequently, the Service Tax demand of &8377;2,01,90,176 for the period from 2009-10 to 2013-14 was nullified, and the appeal was allowed in favor of the appellant. en-us Fri, 11 Jan 2019 00:00:00 +0530 Wed, 28 Oct 2020 18:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376165 The Appellate Tribunal CESTAT ALLAHABAD clarified that banking charges deducted by the appellant were not considered as consideration for providing services under the Finance Act, 1994. The Tribunal categorized the transactions between the appellant and companies with captive power generation plants as sale and purchase of goods, not involving any service element. Consequently, the Service Tax demand of &8377;2,01,90,176 for the period from 2009-10 to 2013-14 was nullified, and the appeal was allowed in favor of the appellant. Case-Laws Service Tax Fri, 11 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376165