2008 (2) TMI 270 - AT - Service Tax

Business Auxiliary Services - appellants are Direct Sales Agent or a Sourcing Agent through ICICI Bank. They were arranging Vehicle loans facility to customers of the Bank for which, they received certain commission revenue plea is that this commission is includible in AV - Prima facie, the stay order in the case of Car World, which has held that the benefit of Notification No. 25/2004-C.E. is available to the assessee, is applicable to the facts of this case - Hence, stay application allowed

Summary

The Appellate Tribunal CESTAT Bangalore ruled in favor of the appellants, granting waiver of pre-deposit and staying the recovery of Service Tax on Sales Commission until the appeal is disposed of. The matter is scheduled for final hearing on 17th March, 2008 before the Single Member Bench. The appellants were engaged in arranging vehicle loans through ICICI Bank and received commission, claiming benefit under Notification No. 25/2004-C.E. dated 10-9-2004. The Tribunal found merit in the appellant's contention based on a previous ruling.