https://www.taxtmi.com/caselaws?id=405348 The Tribunal held that services provided by the appellant, Rajasthan Housing Board (RHB), did not qualify as 'Banking and other Financial Services'. Ancillary Service Charges (ASC) were deemed liabilities, not subject to service tax. Hire Purchase Deposits were part of house sales, not a separate taxable service. Interest received was not taxable under relevant provisions. Allegations of suppression of facts were rejected, penalties deemed unwarranted. The Order-in-Original was set aside, and the appeal allowed with consequential benefits. en-us Tue, 16 Mar 2021 00:00:00 +0530 Mon, 27 Dec 2021 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405348 The Tribunal held that services provided by the appellant, Rajasthan Housing Board (RHB), did not qualify as 'Banking and other Financial Services'. Ancillary Service Charges (ASC) were deemed liabilities, not subject to service tax. Hire Purchase Deposits were part of house sales, not a separate taxable service. Interest received was not taxable under relevant provisions. Allegations of suppression of facts were rejected, penalties deemed unwarranted. The Order-in-Original was set aside, and the appeal allowed with consequential benefits. Case-Laws Service Tax Tue, 16 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405348