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HomeIndirect TaxesMutual Fund Redemption Not ‘Trading of Goods’: CESTAT Quashes Service Tax Demand...

Mutual Fund Redemption Not ‘Trading of Goods’: CESTAT Quashes Service Tax Demand on Godfrey Phillips

Indirect Taxes

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By Mariya Paliwala
Mutual Fund Redemption Not ‘Trading of Goods’: CESTAT Quashes Service Tax Demand on Godfrey Phillips

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The Customs, Excise and Service Tax Appellant Tribunal (CESTAT) has held that mutual fund redemption is not ‘trading of goods’ and quashed the service tax demand on Godfrey Phillips. The bench of Justice Dilip Gupta (President) and P.V. Subba Rao (Technical  Member) the company’s activity of redeeming mutual fund units cannot be treated as “trading…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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