KERALA STATE FINANCIAL ENTERPRISES LTD. Versus UNION OF INDIA REPRESENTED BY THE SECRETARY, NEW DELHI, COMMISSIONER OF CENTRAL EXCISE, CUSTOMS AND SERVICE TAX (APPEALS) , COCHIN, ADDITIONAL COMMISSIONER CENTRAL GST AND CENTRAL EXCISE TRIVANDRUM COMMISIONERATE, TRIVANDRUM, JOINT COMMISSIONER CENTRAL GST AND CENTRAL EXCISE, THIRUVANANTHAPURAM, ASSISTANT COMMISSIONER CENTRAL GST AND CENTRAL EXCISE, TRIVANDRUM AND SUPERINTENDENT CENTRAL GST AND CENTRAL EXCISE, ATTINGAL – 2018 (11) TMI 1474 – KERALA HIGH COURT – TMI – Nature of activity of “chit fund business” – cash management / fund management – whether classifiable under the category of “banking and other financial services” – Held that:- The issue stands squarely covered by the decision in t
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on to call for the records leading to the issuance of Exhibit-P3 and quash the same and all consequential proceedings pending against the petitioner. ii) Issue a writ of declaration or any other appropriate writ, order or direction to affirm that the petitioner is not liable to remit any amounts towards service tax on chit-fund business during the period from 2007- 2012. 2. Both the counsel agree that the issues stand squarely covered in the petitioner's favour by a Supreme Court decision in Union of India and Others v. M/s. Margadarshi Chit Funds (P) Ltd. Etc. AIR 2017 SC 3730 and also a Division Bench judgment, dated 14th March 2018, of this Court in W.A. No.273 of 2013. I, therefore, dispose of the writ petition, holding that the pet
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