https://www.taxtmi.com/highlights?id=74856 Demand of service tax on the interest earned from hire purchase finance transactions. - The Tribunal observes that the ownership of the goods remains with the customers, and the Appellant only finances the purchase. There is no clause providing customers an option to purchase the product at the end of payment of all installments. Relying on the Supreme Court's decision, the Tribunal distinguishes between hire purchase agreements and hire purchase finance agreements. - Demand set aside. en-us Tue, 13 Feb 2024 07:43:11 +0530 Tue, 13 Feb 2024 07:43:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74856 Demand of service tax on the interest earned from hire purchase finance transactions. - The Tribunal observes that the ownership of the goods remains with the customers, and the Appellant only finances the purchase. There is no clause providing customers an option to purchase the product at the end of payment of all installments. Relying on the Supreme Court's decision, the Tribunal distinguishes between hire purchase agreements and hire purchase finance agreements. - Demand set aside. Highlights Service Tax Tue, 13 Feb 2024 07:43:11 +0530 https://www.taxtmi.com/highlights?id=74856