https://www.taxtmi.com/caselaws?id=430270 The Tribunal ruled in favor of the appellant, holding that the deposit taken as a security deposit against trading of shares, subsequently refunded without utilization, was not liable to Service Tax. The decision was based on the purpose of the deposit, which was for security against default and not a consideration for providing services, as well as previous judgments indicating that such deposits do not influence service charges. The impugned orders demanding Service Tax were set aside, and the appeals were allowed, establishing that the deposit in question was not subject to taxation. en-us Mon, 14 Nov 2022 00:00:00 +0530 Tue, 15 Nov 2022 15:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430270 The Tribunal ruled in favor of the appellant, holding that the deposit taken as a security deposit against trading of shares, subsequently refunded without utilization, was not liable to Service Tax. The decision was based on the purpose of the deposit, which was for security against default and not a consideration for providing services, as well as previous judgments indicating that such deposits do not influence service charges. The impugned orders demanding Service Tax were set aside, and the appeals were allowed, establishing that the deposit in question was not subject to taxation. Case-Laws Service Tax Mon, 14 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430270