2008 (7) TMI 69 - AT - Service Tax

Appellants providing business auxiliary service to the banks and receiving commission from the bank appellants contend that part of the commission is given to their customers by the bank so revenue is not justified in adding that portion as per circular dated 6-11-06, tax payable by the dealer would be on the gross amount received from the financial company - amount already deposited is sufficient for hearing of the appeal. Per-deposit of remaining amount are waived

Summary

The Appellate Tribunal CESTAT, New Delhi ruled on applications for waiver of pre-deposit of service tax. In the case of M/s. Chambal Motors (P.) Ltd., part of the commission received from banks was disputed. The tribunal found the amount already deposited sufficient for the appeal and waived the remaining pre-deposit. For M/s. Bhatia & Co., a deposit of Rs. 50,000 was ordered within six weeks, with waiver of the remaining pre-deposit upon compliance. Compliance reporting set for 18-8-2008.