https://www.taxtmi.com/caselaws?id=435686 The Tribunal held that service tax is not applicable on hire purchase and financial lease agreements entered before 16.07.2001. It also ruled that prior to 01.03.2006, no service tax can be imposed due to the lack of a mechanism to separate service income from interest income. Consequently, the assessee was found not liable for service tax on agreements entered pre-16.07.2001 and no penalty was imposed. The appeals were disposed of, and the judgment was delivered on 23.03.2023. en-us Thu, 23 Mar 2023 00:00:00 +0530 Fri, 24 Mar 2023 15:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435686 The Tribunal held that service tax is not applicable on hire purchase and financial lease agreements entered before 16.07.2001. It also ruled that prior to 01.03.2006, no service tax can be imposed due to the lack of a mechanism to separate service income from interest income. Consequently, the assessee was found not liable for service tax on agreements entered pre-16.07.2001 and no penalty was imposed. The appeals were disposed of, and the judgment was delivered on 23.03.2023. Case-Laws Service Tax Thu, 23 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435686