2011 (4) TMI 848 - AT - Service Tax

Refund claim of the service tax paid on input service - Held that - Assessee are in the business of providing output service being managers of mutual funds for which the impugned input service has been utilized as mandatory requirement under the SEBI Regulation - As such, the finding of the lower appellate authority that the respondents have utilized the impugned input service in providing the impugned output service requires no intervention - Hence, the departments appeal is dismissed.

Summary

The appeal involved a refund claim of Rs. 20,502/- of service tax and Rs. 3,378/- interest. The dispute was whether the respondents could claim credit for service tax paid on input services. The appellate tribunal upheld the lower authority's decision, stating the input services were used for providing output services as per SEBI regulations. The department's appeal was dismissed. (Order pronounced on 08.04.2011)