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2016 (1) TMI 971 - AT - Service TaxNature of activity - collection of octroi on behalf of the Municipal Corporation - cash management activity or not - Banking and other Financial Services - Rectification of mistake for disposal - appeal was dismissed because of low tax effect - Held that:- we find that by our final order dated 11.08.2015 we have disposed of the appeal recording therein that the amount involved in this case is less than ₹ 5 lakhs, factually it is incorrect. Accordingly, we recall our final order No. A/2637/15/STB dated 11.08.2015 and restore the appeal to its original numbers and take up the same for disposal. The amount collected excess of contracted amount and retained by the assessee in respect of transit fees is not covered under the category of "banking and other financial services'. Since the issue is decided in favour of the respondent-assessee in this appeal, we find no merit in the appeal filed by the Revenue and hold that the impugned order is correct and legal and does not suffer from ay infirmity. - Decided against the revenue.
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