2008 (7) TMI 181 - AT - Service Tax

Survey and Exploration of Mineral Oil and Gas - It is the case of the appellants that whatever activity was performed by them was performed in their capacity as subcontractors of M/s. GT and therefore any service tax was not payable by them. Without prejudice to this contention the appellants have also submitted that any payment of service tax by them would only lead to a revenue-neutral - plea of revenue-neutrality raised by the appellants is unassailable stay granted

Summary

The Appellate Tribunal CESTAT, Chennai ruled in favor of the appellants in a service tax case related to "Survey and Exploration of Mineral, Oil and Gas." The tribunal granted waiver of pre-deposit and stay of recovery, noting the revenue-neutrality of the situation where service tax payment by the subcontractors would result in Cenvat credit for the main contractors.