Payment of Premium or Salami for Transfer of Interest in Property are Exempted from Service Tax: CESTAT [Read Order]

payment of premium - interest in property - exempted from service tax - cestat - taxscan

The Kolkata bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) held that Salami or Premium received in respect of a lease of immovable property was not eligible for service tax.  Luxmi Township Limited, the appellant assessee is engaged, inter alia, in the business of setting up modern Townships which include infrastructure and…

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