2010 (2) TMI 339

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..... ies engaged in money transfer. Service tax on loans stated as paid as per own calculation. Liability to service tax arguable. Prima facie case not made out for complete waiver of pre-deposit. Pre-deposit of Rs. 25 lakhs directed. - ST/375/2009 - 137/2010 - Dated:- 1-2-2010 - S/Shri M.V. Ravindran, Member (J) and P. Karthikeyan, Member (T) Shri B. Venugopal, Advocate, for the Appellant .....

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..... service tax liability on 'Banking and Other Financial Services' and also service tax liability on 'Business Auxiliary Services'. The applicant herein provides 'Banking and other Financial Services' in terms of gold loan to the customers. As regards the 'Business Auxiliary Services', the appellant was working as commission agent of various companies engaged in the business of money transfer. 4. T .....

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..... cord of the amounts paid on such commission, they should be put to terms. 6. We have carefully considered the submissions made by both sides and perused the records. We find that the liability to pay service tax on 'Banking and Other Financial Services' and 'Business Auxiliary Services' is arguable one. All the issues and the legal points raised by the learned Counsel could be considered in deta .....

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