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2018 (2) TMI 1127 - AT - Service TaxBanking and other financial services - Whether the appellant is liable to discharge the Service Tax liability on the amount retained by him while conducting the Chit Fund services? Held that: - in the case of Margadarshi Chit Funds [2017 (7) TMI 224 - SUPREME COURT OF INDIA] it was held that the amount retained by the Chit Fund Manager (like the appellant herein) is not liable for tax under Finance Act, 1994 under the category of Banking and other financial services - appeal allowed - decided in favor of appellant.
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