https://www.taxtmi.com/caselaws?id=768852 CESTAT Bangalore held that a cooperative society registered under Karnataka Cooperative Society Act, 1959 was not liable to pay service tax on banking and financial services provided to its members. The tribunal applied the principle of mutuality established by SC in State of West Bengal vs. Calcutta Club Ltd., ruling that services rendered exclusively to members by a cooperative society operating on mutuality principles are not taxable. The lower authorities had erroneously treated the appellant as a commercial concern, ignoring mutuality principles. 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=768852 CESTAT Bangalore held that a cooperative society registered under Karnataka Cooperative Society Act, 1959 was not liable to pay service tax on banking and financial services provided to its members. The tribunal applied the principle of mutuality established by SC in State of West Bengal vs. Calcutta Club Ltd., ruling that services rendered exclusively to members by a cooperative society operating on mutuality principles are not taxable. The lower authorities had erroneously treated the appellant as a commercial concern, ignoring mutuality principles. Appeal allowed. Case-Laws Service Tax Mon, 13 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768852