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2011 (9) TMI 821 - AT - Service TaxWaiver of pre-deposit - applicant has received the entire amount from the company whose products/ brands were endorsed by the celebrities and paid service tax on the entire amount under ‘Event Management' category. Out of the amount received from the company whose products/ brands were endorsed they have retained 20% of the amount with them as their commission – Demand of service tax as 'Business Auxiliary Services' on 20% of the commission so retained by the applicant, along with interest and imposed penalties – Held that:- question of treating 20% of the amount retained by them as representing payment for another service rendered by them to the celebrities may not arise. Further, we also find, prima-facie, merit in the submission of the ld. Chartered Accountant that it would be a case of revenue neutrality in the event of service tax charged on the 20% of the amount retained by them. Waiver of pre-deposit allowed
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