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Service Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Nature of Service – Collecting funds from investors - Demand of ...


Trusts' Fund Activities Subject to Service Tax, Department Claims Liability for Collecting and Investing Investor Funds.

September 7, 2013

Case Laws     Service Tax     AT

Nature of Service – Collecting funds from investors - Demand of service tax was made by the department on the ground that amounts spent by various trusts which were known as ‘Funds’ and which were engaged in the activity of collecting funds from investors and investing them were liable to tax - prima facie case is against the assessee - AT

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