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2013 (7) TMI 459 - AT - Service Tax‘Management Consultancy Service’ - the appellant has been paying service tax on the advisory services under the category of ‘Banking and Other Financial Services' and the department has accepted the same – Hel that:- Department cannot demand service tax for the previous period on the very same activity under the category of ‘Management Consultancy Services' – advisory and due diligence services on acquisition of shares in listed companies rendered to an existing organization cannot be considered to be ‘Management Consultancy Service' in relation to developing or upgrading of any working system in any organization - relying upon the judgement of HSBC Securities & Capital Markets (I) Pvt. Ltd. vs. Commissioner of Service Tax,(2008 (6) TMI 159 - CESTAT MUMBAI). Waiver of pre deposit – strong case in the favour of the assessee – requirement of pre deposit waived – stay granted – appeal decided in the favour of the assessee.
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