Jewel Appraisal Charges Collected by Co-operative Society for Members’ Jewel Loan Not Taxable as Business Support Service: CESTAT [Read Order]
Jewel loan activities were part of internal financial assistance by the society to its members using funds borrowed from a central co-operative bank. It was stated that the services provided were confined to the members and did not amount to Business Support Services as defined under the Act
By Navasree A.M - On April 18, 2025 6:01 pm - 2 mins read
In a recent ruling, the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) has held that jewel appraisal charges collected by a co-operative society for granting loans to its members are not liable to service tax under the category of “Business Support Services” ( BSS ). The appeal was filed by a co-operative…
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