https://www.taxtmi.com/caselaws?id=756696 CESTAT Allahabad held that service tax was not leviable on Interest Free Maintenance Security (IFMS) collected by builder from flat owners. The tribunal found IFMS was refundable security deposit for maintenance defaults, not consideration for services, citing precedent in Sand Dunes Construction case. Regarding Prime/Preferential Location Charges (PLC), tribunal ruled service tax cannot be levied on hypothetical calculations from price lists when no actual consideration was received under these heads. The appeal was allowed, demand and penalty set aside. en-us Tue, 06 Aug 2024 00:00:00 +0530 Thu, 08 Aug 2024 09:05:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756696 CESTAT Allahabad held that service tax was not leviable on Interest Free Maintenance Security (IFMS) collected by builder from flat owners. The tribunal found IFMS was refundable security deposit for maintenance defaults, not consideration for services, citing precedent in Sand Dunes Construction case. Regarding Prime/Preferential Location Charges (PLC), tribunal ruled service tax cannot be levied on hypothetical calculations from price lists when no actual consideration was received under these heads. The appeal was allowed, demand and penalty set aside. Case-Laws Service Tax Tue, 06 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756696