2020 (12) TMI 1125 - MADRAS HIGH COURT - Service Tax

Head Note / Extract:
Levy of service tax - Petitioner is foreman of chit fund business for the period from October 2014 to May 2015 - HELD THAT:- Hon'ble Supreme Court of India in UNION OF INDIA AND ORS. VERSUS M/S. MARGADARSHI CHIT FUNDS (P) LTD. ETC [2017 (7) TMI 224 - SUPREME COURT] has held that service tax cannot be levied on the foreman of chit fund business for the period from 15.06.2007 to 14.06.2015. Having regard to the said authoritative pronouncement of the Hon'ble Supreme Court of India, which holds the field, it is not possible to sustain the impugned order, which shall stand set aside - Petition allowed - decided in favor of appellant.