https://www.taxtmi.com/caselaws?id=447606 CESTAT New Delhi held that payment of net present value to the Compensatory Fund by appellant cannot be considered as consideration for a declared service under section 66E(e) of Finance Act, 1944. Following the Division Bench decision in Mahanadi Coalfields Limited case, the Tribunal ruled that clearance granted by Ministry of Environment, Forest and Climate Change for forest land usage for non-forest purposes does not constitute a declared service. The Principal Commissioner's order imposing service tax under reverse charge mechanism was set aside and appeal was allowed. en-us Thu, 02 Nov 2023 00:00:00 +0530 Sat, 30 Dec 2023 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447606 CESTAT New Delhi held that payment of net present value to the Compensatory Fund by appellant cannot be considered as consideration for a declared service under section 66E(e) of Finance Act, 1944. Following the Division Bench decision in Mahanadi Coalfields Limited case, the Tribunal ruled that clearance granted by Ministry of Environment, Forest and Climate Change for forest land usage for non-forest purposes does not constitute a declared service. The Principal Commissioner's order imposing service tax under reverse charge mechanism was set aside and appeal was allowed. Case-Laws Service Tax Thu, 02 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447606