Case Law Analysis
|Custom, Excise & Service Tax Tribunal
M&A Advisory Not 'Management Consultancy Service' Under Service Tax | Shareholders Exempt from Reverse Charge : CESTAT Hyderabad
CESTAT Hyderabad holds that merger and acquisition advisory services do not qualify as 'Management Consultancy Service' for service tax purposes. The tribunal also rules that shareholders are not liable under the reverse charge mechanism, reinforcing the separate legal entity principle between a company and its shareholders.