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2007 (11) TMI 372 - CESTAT, BANGALOREBanking and other Financial Services - Hire Purchase - service tax during the period from 16.7.2001 to 31.12.2003 - Held that: - the appellants are simply lending money as per the records available and receiving interest. The lending during the relevant period was not a taxable service. Even if is held that the appellant is giving money under the "Hire purchase Scheme" it is clearly seen that the Mumbai Bench "Hire purchase Scheme", it is clearly seen that the Mumbai Bench of the CESTAT in the case of Bajaj Auto Finance-[ 2007 -TMI - 1546 - CESTAT,MUMBAI] has clearly drawn a distinction between Hire purchase Service which is Taxable and Hire purchase Finance Service which is not a taxable service. In any case, it is very clear that the appellants have not rendered the services of Hire purchase
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