Classification of services - Franchise Service or Business ...
Service Tax
February 20, 2024
Classification of services - Franchise Service or Business Auxiliary Service? - Race Promotion Contract - The CESTAT found that the contract did not constitute a Franchise Service as defined under Section 65(105)(zze) of the Finance Act, 1994 because it did not involve the transfer of representational rights to JSIL by FOWC. Consequently, the demand of service tax on this basis was not sustainable. - The appeal was allowed, setting aside the demand of service tax, penalties under Sections 77 and 78.
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