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HomeIndirect TaxesCash Calls in Oil & Gas Joint Ventures Not Consideration for Taxable...

Cash Calls in Oil & Gas Joint Ventures Not Consideration for Taxable Service, CESTAT Quashes Service Tax Demand

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The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has set aside a service tax demand raised against Oil India Limited, ruling that amounts received as “cash calls” from co-venturers in an unincorporated joint venture (UJV) for oil and gas exploration do not constitute consideration for a taxable service under the Finance Act,…

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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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