No Service Tax Leviable on ONGC on Consideration received for Right to Use Natural Resources: CESTAT [Read Order]

No Service Tax Leviable on ONGC on Consideration received for Right to Use Natural Resources rules CESTAT
CESTAT - ONGC - Customs - Excise - Service Tax - TAXSCAN

The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) observed that no service tax can be levied on ONGC on the consideration received for the right to use natural resources. The Department was of the view that as a recipient of service, M/s.ONGC Karaikal is liable to pay Service Tax in…

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