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Service Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Levy of service tax - on Surrender Charges, which are deducted ...


Service Tax Not Applicable on Surrender Charges for 2011-12: Considered Penalty, Not Service.

August 23, 2019

Case Laws     Service Tax     AT

Levy of service tax - on Surrender Charges, which are deducted from fund value, as per policy provisions for pre-mature withdrawal from the scheme - no service can be leviable for the period 2011-12 also as surrender charges towards renting of service being penalty.

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