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2013 (12) TMI 102 - CESTAT MUMBAIInterpretation of Notification - Penalty u/s 80 - Notification 56/98-ST dated 7.10.1998 - Whether the respondents are entitled for the benefit of the Notification 56/98-ST dated 7.10.1998 - Security service to the Banks - Held that:- As per the agreement, the respondents are responsible for safeguarding the building of the bank along with the fixtures, fittings and equipments, cash, other securities etc. Therefore, it cannot be said that the respondents are providing security services in relation to safe deposit lockers or security of safe vaults. In view of this the benefit of notification is not available to the respondents - respondents are registered with the Revenue authorities as service provider and paying appropriate service tax - Therefore, penalty is waived off - Decided partly in favour of assessee.
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