Levy of service tax on surrender charges against ULIP - The ...

ULIP Surrender Charges Exempt from Service Tax; Not Classified as Taxable Fund Management Service.

April 27, 2018

Case Laws Service Tax AT

Levy of service tax on surrender charges against ULIP - The surrender charges are not part of taxable service of management of funds. Rather it is in the nature of penalty or liquidated damages which is not a service and hence cannot be made liable for tax during the period involved - AT

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Levy of service tax on surrender charges against ULIP - The ...

ULIP Surrender Charges Exempt from Service Tax; Not Classified as Taxable Fund Management Service.

April 27, 2018

Case Laws Service Tax AT

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