TMI Blog2017 (3) TMI 559X X X X Extracts X X X X X X X X Extracts X X X X ..... engaged in promoting loans for the vehicles to be disbursed to various customers. Their activities included promotion of loan disbursal, facilitation of the buyer of vehicles in documentation and getting the loan amount from the bank. For this, the banks are paying certain commissions - the said activities are covered under the tax entry of “Business Auxiliary Service” in terms of Section 65(105) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e period 1.7.2003 to 31.03.2005. On completion of adjudication, the Original Authority confirmed service tax liability of ₹ 8,00,165 and imposed penalties under Section 76, 78 and 75 A of the Finance Act, 1994. On appeal, the Commissioner (Appeals) vide the impugned order confirmed the original order. 2. The appellant, in the grounds of appeal, submitted that they are not rendering any se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e case laws relied upon by them. 6. We have examined the appeal records. 7. Admittedly, the appellants were acting as Direct Selling Agents for the banks and were engaged in promoting loans for the vehicles to be disbursed to various customers. Their activities included promotion of loan disbursal, facilitation of the buyer of vehicles in documentation and getting the loan amount from the ba ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... not involved in promotion of service provided by the bank. As such, it was held that simple verification of the details will not amount to promotion of service provided by the client. We find that in the present case the lower authorities recorded that the appellants are engaged in providing promotional service of financial loans disbursed by the banks. Further, we note that the Larger Bench of th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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