2008 (7) TMI 302 - AT - Service Tax

Pre-deposit quantum - applicants have paid an amount of Rs. 86 lakhs out of total service tax demand of Rs. 2, 08, 63, 295 - this amount is sufficient for the purpose of requirement of law - pre-deposit of the balance tax and penalty is waived stay granted

Summary

The Appellate Tribunal CESTAT Mumbai waived pre-deposit of balance service tax and penalty for the appellant who had paid approximately Rs. 86 lakhs towards confirmed service tax. Total service tax demanded was Rs. 2,08,63,295/-. Recovery of remaining tax and penalties stayed pending appeal.