Service Tax Not Leviable on Grants For Daily Expenses towards Services Rendered: Kerala HC [Read Order]
The bench looked into Section 7 of the CGST Act and observed that in respect of transactions which do not fall under Schedule I, consideration is an essential ingredient to establish that there is either a supply of goods or services.
In a recent case, the Kerala High Court ruled that service tax is not leviable on grants given for daily expenses towards Services rendered. It was observed that financial grants provided to the assessee for covering daily operational expenses do not qualify as consideration. Kerala Infrastructure and Technology For Education, the petitioner/assessee is 99.99% owned…
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