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 … Continue reading Service Tax Not Leviable on Grants For Daily Expenses towards Services Rendered: Kerala HC [Read Order]
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