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2023 (2) TMI 896 - AT - Service TaxLevy of service tax - Banking and Other Financial Services or not - Foreclosure charges collected by the banks and non-banking financial companies on premature termination of loans - HELD THAT:- The Larger Bench in the case of COMMISSIONER OF SERVICE TAX, CHENNAI VERSUS M/S REPCO HOME FINANCE LTD. [2020 (7) TMI 472 - CESTAT CHENNAI] has considered the issue and held that such charges are not liable to service tax. The demand cannot sustain and requires to be set aside - Appeal allowed - decided in favor of appellant.
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