2009 (5) TMI 316 - AT - Service Tax

Credit - we find that the amount of credit taken by the applicant, is on the input services for the construction of the premises within the factory, for purpose of opening a branch of a bank. We find that the issue needs to be gone into in detail, which can be done only at the time of final hearing. stay granted

Summary

The Appellate Tribunal CESTAT, Bangalore issued a judgment regarding a stay petition against the waiver of pre-deposit of service tax, interest, and penalty. The applicant was directed to deposit the service tax amount within three months, with waiver of the balance demand pending appeal. Compliance was to be reported by August 21, 2009.