Service tax cannot be levied on Chit Funds prior to 15.06.2015

Dhanamithra Kuries Pvt. Ltd Vs Union of India (Kerala High Court) The issue canvassed in this Writ Petition pertains to the demand for service tax for the period 2012-13 and 2013-14. 2. The question whether companies like the petitioners who are engaged in Chitty business are exigible to service tax was considered by the Hon’ble Supreme Court in Union of India and others v. M/s.Margadarshi Chit Funds (P) Ltd. etc (AIR 2017 SC 3730). It was laid down in the said decision that after the amendment brought about to the definition of the word ‘service’ from 15.06.2015 onwards, service tax is ...