CESTAT sets aside Service Tax Demand on Interest on Delayed Income Tax Refund Citing no Connection with Taxable Services or Service Tax Obligations [Read Ordeer]
CESTAT sets aside service tax demand on interest received on delayed income tax refunds, citing no link with taxable services. It was held that such compensatory interest falls outside the scope of service tax obligations.
By Devanand T R - On August 8, 2024 11:34 am - 2 mins read
The Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ), New Delhi, has set aside the service tax demand on interest received from delayed income tax refunds, asserting that such interest has no connection with taxable services. This decision came as part of M/s Divine Autotech Private Limited’s appeal against the Commissioner of Central…
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