2014 (6) TMI 522 - AT - Service Tax

Business Exhibition service - reverse charge mechanism - Held that - In the case of Merino Industries Ltd. v. Commissioner of Central Excise, Meerut-II reported in 2011 (7) TMI 820 - CESTAT, NEW DELHI on the same issue this Tribunal has granted unconditional waiver of pre-deposit of entire amount of service tax, interest and penalty in similar facts. Therefore, the applicants are entitled for waiver of pre-deposit. Following the ratio of the precedent decision, in this matter also, we find that the applicants had made out a case for waiver of the pre-deposit. Accordingly, we waive the requirement of pre-deposit of the entire amount of Service Tax, interest and penalty and stay recovery thereof during the pendency of the appeal - stay granted.

Summary

The Appellate Tribunal CESTAT CHENNAI ruled in favor of the applicants who participated in an exhibition outside India and availed "Business Exhibition service." The Tribunal waived the pre-deposit requirement of service tax, interest, and penalty, following a precedent decision. Recovery of the amount was stayed during the appeal.