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2018 (3) TMI 696 - CESTAT CHANDIGARHBusiness Auxiliary Services - activity of promoting the business of banks - CBEC Circular No. 87/05/06-ST dated 06.11.06 - Held that: - Admittedly, in this case, the appellant are introducing the clients for providing loans from the banks and for that appellant is receiving the commission/incentive. In that circumstances, the activity undertaken by the appellant is appropriately classifiable under business auxiliary services for promoting business of banks, therefore, they are liable to pay service tax. The figures have taken for calculation of demand on the basis of bank’s statement of the appellant and as per the bank’s statement, there are certain entries which do not pertain to the commission to the appellant - the matter needs correct quantification of demand be recovered from the appellant - appeal allowed by way of remand.
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