|Custom, Excise & Service Tax Tribunal
Freight concession under Liberalised Wagon Investment Scheme not a taxable service under Service Tax Act | UltraTech Cement : CESTAT
CESTAT ruled that the freight concession granted to UltraTech under the LWIS does not constitute consideration for a taxable service, overturning service tax, interest and penalty demands. Consequently, entities receiving similar concessions are exempt from service tax liability.