Constitutional validity of the Parliament to levy Service Tax on financial leasing services including equipment leasing and hire-purchase

Association of Leasing & Financial Service Companies Vs. Union of India and others (Supreme Court), CIVIL APPEAL NO. 9344 OF 2010 (Arising out of S.L.P. (C) No. 23149 of 2009), Dated- October 26, 2010

Contentions of the Appellant

The Appellant put forth the following contentions:

• The Constitution has conferred exclusive power to the States to levy Sales Tax by expanding Entry 54, List II by insertion of Article 366(29A). Thus

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