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2016 (4) TMI 984 - CESTAT MUMBAI

2016 (4) TMI 984 - CESTAT MUMBAI - TMI - Service tax liability - Amount received as interest on discounting of bills and depository services - Chartered Accountant of the appellant bank has stated that commission received on exchange collected on in land bill purchased and discounted during the period includes value of interest on which tax liability, will not arise. Also the Chartered Accountant of the appellant has stated that service tax on the depositary charges collected by Nagpur branch, i .....

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G Thangaraj, Cost Accountant For the Respondent : Shri R Nair, EO (AR) ORDER Per M V Ravindran This appeal is directed against Order-in-Appeal No. ST/369/NGP/2010 dated 18/10/2010. 2. Heard both sides and perused the records. 3. The issue involved in this case is regarding the service tax liability on the amount received as interest on discounting of bills and depository services for the period 1.4.2005 to 31.3.2008. 4. On perusal of records we find that amounts on which service tax liability is .....

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