2008 (6) TMI 101 - AT - Service Tax

Demand confirmed treating the applicant as provider of business auxiliary service to the financial company - applicant entered into an agreement with the finance company to promote their retailer finance - In the appeal memo the contention is that applicants are entitled for exemption under notification No. 14/04 & 25/04 and also that the services were provided by the applicant on behalf of the finance company and not to the finance company Stay petition is allowed

Summary

The judgment by Appellate Tribunal CESTAT NEW DELHI involved a waiver of pre-deposit of service tax and penalty for an appellant who had already paid 50% of the tax amount. The appellant was considered a provider of business auxiliary service to a financial company, but argued for exemption under specific notifications. The tribunal found the amount already paid to be sufficient and waived the remaining pre-deposit.