Vehicle Financing Services Taxable under Business Auxiliary Service

Commissioner of GST & Central Excise Vs TVS Motor Co. Ltd. (Madras High Court)

The facts clearly show that there is direct nexus between the activity of TVSFS with that of the activity of the We say so because of the exclusive arrangement between the assessee and TVSFS. The Revenue has not disputed the factual position that the services rendered by TVSFS is exclusively to the assessee. The Memorandum of Understanding and the various agreements demonstrate that the assessee has made necessary facilities for TVSFS by allot

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