2014 (12) TMI 919

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..... s is an application for waiver of pre deposit of Service Tax of Rs. 49.91 Crores and equal amount of penalty imposed under Section 78 and penalty of Rs. 5,000/- under Section 77 of the Finance Act, 1994. 2. The Ld. Representative Shri Kartik Ch. Banik for the applicant submits that the applicant is a statutory body, under the Ministry of Labour and Employment, created under the Employees State In .....

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..... 100 of the Finance Act, 1994, the services rendered by the applicant becomes exempted from the purview of Service Tax for the relevant period. 4. After hearing both sides for some time, we find that the appeal itself could be disposed off at this stage. Accordingly, after waiving the requirement of pre deposit, we take up the appeal for disposal. Undisputedly, during the relevant period i.e. from .....

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..... he Finance Act (No.2), 2014 reads as below:             "100. Notwithstanding anything contained in section 66 as it stood prior to the 1st day of July, 2012, no service tax shall be levied or collected in respect of taxable services provided by the Employees 'State Insurance Corporation set up under the Employees State Insurance Act, 194 .....

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