a builder entered into agreement with LIC HFL for marketing the project. for each booking made through LICHFL a fee for Rs 100000 plus service tax to be paid by builder to LICHFL.
in the above agreement there is a cancellation clause. according to this if in future any booking is cancelled, service fee paid to LICHFL will be refunded to builder but service tax will not be refunded since same would have been remitted to concerned authorities.
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