The Delhi HC in a recent decision examined the issue of applicability of service tax on the services rendered by the foreman in a business chit fund under the new service tax regime effective from July 1, 2012 and in this regard undertook a detailed examination of the definition of “Service”. This being the first instance where an issue under the new service tax regime has been analyzed by a judicial forum of the stature of a High Court, the observations and the approach adopted by the Delhi HC assumes immense significance. This BMR Advisors alert summarizes the impact of the Delhi HC ruling.
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