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M/s SBI Capital Markets Ltd Versus Commissioner, CE & ST (Ltu) , Mumbai

2015 (9) TMI 882 - CESTAT MUMBAI

CENVAT Credit - Banking and Financial Services and Business Auxiliary Services - Held that:- Whole proceedings are vitiated for want of proper show-cause notice. I find that the show-cause notice is vague as it does not give the break up of the amoun .....

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nor the reply of the appellant thereto and as to why the amount under the particular head is proposed to be disallowed. Also, no reason as to why the said services, are not input service, flows from the show-cause notice. Hence, I hold that the show- .....

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Member (J),J. For the Appellant : Shri Bharat Raichandani & Shri Abhijit Singh, Advs. For the Respondent : Shri B K Iyer, Supdt. (AR) ORDER Per: Anil Choudhary: The appellant SBI Capital Markets Ltd. is in the business of rendering consultancy se .....

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ss Auxiliary Services". During the period in dispute, the appellants have availed CENVAT credit on various input services like travelling service advertising agency service, brokerage, real estate agent service, insurance paid on behalf of the s .....

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to disallow the CENVAT credit availed, were issued to the appellant as the revenue felt that the said services have got no nexus with the output service of the appellants. The details are as follows:- Sr.No. Appeal No. Order-in-Appeal No. Period Cove .....

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n perusal of the show-cause notice, I find that input service in respect of which credit have been proposed to be denied, is without giving any break up of the amount attributable to each service. Only a total amount is mentioned which is proposed to .....

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