https://www.taxtmi.com/caselaws?id=775984 The CESTAT New Delhi held that service tax is not leviable on Interest Free Maintenance Security (IFMS) collected by builders and subsequently transferred to residents' welfare societies. The Tribunal relied on precedent rulings, including the appellant's earlier case and KDP Infrastructure, which established that such amounts are refundable security deposits and not consideration for taxable services under "Management, Maintenance or Repair Service." Consequently, the recovery of service tax, interest, and penalty was set aside, and the appeal was allowed. en-us Thu, 24 Jul 2025 00:00:00 +0530 Mon, 04 Aug 2025 08:28:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775984 The CESTAT New Delhi held that service tax is not leviable on Interest Free Maintenance Security (IFMS) collected by builders and subsequently transferred to residents' welfare societies. The Tribunal relied on precedent rulings, including the appellant's earlier case and KDP Infrastructure, which established that such amounts are refundable security deposits and not consideration for taxable services under "Management, Maintenance or Repair Service." Consequently, the recovery of service tax, interest, and penalty was set aside, and the appeal was allowed. Case-Laws Service Tax Thu, 24 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775984