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2013 (12) TMI 383 - AT - Service TaxWaiver of pre-deposit of service tax - Authorized service station - Repair and maintenance of vehicles during the warranty period - The activities undertaken by the dealers of the applicants and the dealers are paying service tax on this activity. Further, the applicants are also taking credit of the service tax paid by the dealers - applicants are financing the vehicles manufactured by them by way of loan. The interest on the loan is not liable to service tax as per the provisions of the Finance Act. In respect of the activity such as processing charges, pre-closure charges, termination charges etc. the applicants are paying appropriate service tax. The applicants are also paying service tax in respect of lease agreements. In cases where the applicants were selling the debits to various banks, we find that the applicants are receiving consolidated amount in respect of the assignment of the loan and the buyer of the debts will get the amount in due course as per the terms and conditions of the loan, under which it has been disbursed to the customers - applicants had undertaken to deposit an amount - Therefore, assessee directed to make a pre deposit - Partial stay granted.
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