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2013 (12) TMI 855 - CESTAT CHENNAIWaiver of pre deposit - Demand of service tax - Business Auxiliary Services - Held that:- after perusal of the assignment agreement and agreement for appointing the applicant as "Collection Agent" the services rendered by the applicant to the buyers of their assets like ICICI Bank in their capacity as collection agent is a service classifiable under "Business Auxiliary Service" But the applicant has not paid any service tax for such activity. Regarding the value of the service we see some force in the argument of Revenue that the value of such service can appear in expenditure side if the amount inclusive of this amount is appearing on receipt side of the balance sheet in some other entry. So the case cannot decided solely for the reason that figures are taken from the expenditure side of the balance sheet - agreement is for a period subsequent to the period of dispute - Assessee directed to make a pre deposit - Conditional stay granted.
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