Demand of services on ‘surrender charge’ retained by the ...

Service Tax

December 15, 2022

Demand of services on ‘surrender charge’ retained by the appellant upon withdrawal of ‘insured’ from ‘unit linked insurance policies (ULIP)’ - voluntary withdrawal from coverage under ‘unit linked insurance policy (ULIP)’ - The ‘surrender value’ so retained had already been subjected to tax as ‘premium’ for rendering of taxable service and not liable to be taxed again for that very reason upon ceasing to be provision service - AT

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Demand of services on ‘surrender charge’ retained by the ...

Service Tax

December 15, 2022

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