https://www.taxtmi.com/caselaws?id=768853 CESTAT Bangalore ruled that a cooperative society registered under Karnataka Cooperative Society Act, 1959 was not liable for service tax on banking and financial services provided to its members. The tribunal found that lower authorities erred in treating the appellant as a commercial concern, ignoring mutuality principles. The society's membership was restricted to persons within territorial limits and services were exclusively provided to members. Applying SC precedent in State of West Bengal vs. Calcutta Club Ltd., the tribunal held that cooperative societies operating on mutuality principles are exempt from service tax on member services. Appeal allowed. en-us Mon, 13 Jan 2025 00:00:00 +0530 Tue, 15 Apr 2025 08:35:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768853 CESTAT Bangalore ruled that a cooperative society registered under Karnataka Cooperative Society Act, 1959 was not liable for service tax on banking and financial services provided to its members. The tribunal found that lower authorities erred in treating the appellant as a commercial concern, ignoring mutuality principles. The society's membership was restricted to persons within territorial limits and services were exclusively provided to members. Applying SC precedent in State of West Bengal vs. Calcutta Club Ltd., the tribunal held that cooperative societies operating on mutuality principles are exempt from service tax on member services. Appeal allowed. Case-Laws Service Tax Mon, 13 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768853