https://www.taxtmi.com/caselaws?id=760532 CESTAT Ahmedabad held that security deposits collected by gas supplier are not liable to service tax under the negative list regime from 01.07.2012. The tribunal ruled that refundable security deposits do not constitute taxable services as they are returned upon termination of gas supply agreements after clearing dues and equipment removal. Since security deposits are not part of services provided, service tax is not payable on such amounts. The Commissioner's order was upheld and the department's appeal was dismissed. The validity of show cause notice issued as statement under negative list regime was left unaddressed as the matter was decided on merits. en-us Tue, 22 Oct 2024 00:00:00 +0530 Wed, 23 Oct 2024 08:19:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760532 CESTAT Ahmedabad held that security deposits collected by gas supplier are not liable to service tax under the negative list regime from 01.07.2012. The tribunal ruled that refundable security deposits do not constitute taxable services as they are returned upon termination of gas supply agreements after clearing dues and equipment removal. Since security deposits are not part of services provided, service tax is not payable on such amounts. The Commissioner's order was upheld and the department's appeal was dismissed. The validity of show cause notice issued as statement under negative list regime was left unaddressed as the matter was decided on merits. Case-Laws Service Tax Tue, 22 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760532