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2017 (1) TMI 433 - AT - Service TaxBusiness Auxiliary Services - commission received from banks and financial institutions for promoting the loans on offer from these institutions, sales incentives and referral incentives of insurance companies - Held that: - there was never an intention to evade tax. It was also contended that the total dues had been discharged by 15th March 2016 and the interest liability also been remitted to the revenue of the Central Government - the taxability of the said services under ‘business auxiliary service’ had attained finality only after reference to a Larger Bench indicating the doubts that persisted about leviability - this is a fit case for invoking the provisions of section 80 of the Finance Act, 1994 and set aside the penalties - appeal disposed off - decided partly in favor of assessee.
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