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2010 (11) TMI 509 - CESTAT, BANGALOREDemand - Banking & Financial Services and Management and Maintenance or Repair Services - It is the submission that the appellant had paid the sales tax/VAT as deemed sale of the goods and hence the question of discharge of Service Tax liability does not arise as the said clarification clearly holds that once supply of tangible goods for use and VAT/sales tax had been paid, it would not come in the scope of service tax liability on supply of tangible goods service - In the definition it would mean that banking and financial services to include ‘financial leasing services including equipment leasing and hire-purchase - appellant has not made out prima facie case for the complete waiver of pre-deposit of the amounts confirmed by the adjudicating authority - Decided against the assessee by way of direction to deposit Rs. 10 Lakhs
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