TMI Blog2014 (1) TMI 1201X X X X Extracts X X X X X X X X Extracts X X X X ..... rds the Real Estate Agent Service, even though the appellant claims that it is towards part of the employees perks, there can be a dispute whether it is a service activity or a welfare activity. In the case of Event Management Service, the claim of the appellant is that the events are conducted to attract customers and to promote business of the bank, but from the nature of the events conducted, p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and also imposing equivalent amount of penalty under the provisions of the Finance Act, 1994. Aggrieved of the same the appellant, M/s. Axis Bank Ltd., is before us. 3. The learned counsel for the appellant submits that service tax credit availed can be mainly categorised into 3, namely, Insurance Auxiliary Service, Real Estate Agent's Service and Event Management Service. As regards the Insura ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vent Management Service, in respect of which a service tax credit of Rs.1.08 crore has been availed. This is for the various events conducted by the event manager for retaining of the existing customers and for promotion of the business of the appellant to attract newer customers. For this purpose, various events have been conducted and even movie tickets have been bought and supplied to attract a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or providing group insurance policy, which is a part and parcel of the salary and perks given to the employees and, therefore, it would qualify as an eligible input service for CENVAT credit. As regards the Real Estate Agent Service, even though the appellant claims that it is towards part of the employees perks, there can be a dispute whether it is a service activity or a welfare activity. In the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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