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2018 (11) TMI 1474 - HC - Service TaxNature of activity of "chit fund business" - cash management / fund management - whether classifiable under the category of "banking and other financial services" - Held that:- The issue stands squarely covered by the decision in the case of UNION OF INDIA AND ORS. VERSUS M/S. MARGADARSHI CHIT FUNDS (P) LTD. ETC [2017 (7) TMI 224 - SUPREME COURT OF INDIA], where it was held that the petitioner is not liable to pay service tax before 14.05.2015 - petition allowed.
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