https://www.taxtmi.com/caselaws?id=444275 The Tribunal held that service tax cannot be charged on notional interest towards security deposit for renting safe deposits and private lockers. The Tribunal ruled that only the rent received can be subject to service tax, not the notional interest on security deposits. Therefore, the service tax on notional interest calculated by the Department was deemed unsustainable, leading to the reversal of the Commissioner (Appeals) orders and allowing the appeals. en-us Fri, 29 Sep 2023 00:00:00 +0530 Thu, 12 Oct 2023 10:30:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444275 The Tribunal held that service tax cannot be charged on notional interest towards security deposit for renting safe deposits and private lockers. The Tribunal ruled that only the rent received can be subject to service tax, not the notional interest on security deposits. Therefore, the service tax on notional interest calculated by the Department was deemed unsustainable, leading to the reversal of the Commissioner (Appeals) orders and allowing the appeals. Case-Laws Service Tax Fri, 29 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444275