Statutory bodies are not liable to pay Service Tax on amounts received in compliance with government directives.
In a recent ruling, the Kolkata bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has set aside the Service Tax demand on the Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL), ruling that no Service Tax is leviable on the statutory body in which amount received in compliance with government directives. The…
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