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2019 (1) TMI 501 - AT - Service TaxBanking and Other Financial Services - amount collected by way of chit - person liable to pay service tax - Held that:- This issue is no more res integra and has been settled by the apex court in the case of UOI vs. Margadarshi Chit Funds (P) Ltd. [2017 (7) TMI 224 - SUPREME COURT OF INDIA], where it was held that chit fund business was not covered by sub clause (v) of subsection (12) of Section 65 even after its amendment by Finance Act, 2007 - appeal allowed - decided in favor of appellant.
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