2009 (9) TMI 1053 - SCH - Service Tax

Refund claim - Activity of sale and purchase of units of mutual fund schemes - it was held by CESTAT that as the Business Auxiliary Service provided by a commission agent by way of sale and purchase of goods stands exempted under Notification No. 13/2003, the conclusion is irresistible that the respondents were not liable to pay any service tax for service rendered as commission agent in connection with sale and purchase of units of mutual fund schemes during the relevant period. HELD THAT - Appeal admitted.