2009 (1) TMI 751

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..... nts are liable to pre-deposit the following amounts : (a) Service tax Rs. 1,15,756/- (b) Interest under Section 75 (c) Penalty of Rs. 1,15,756/- under Section 76 (d) Penalty of Rs. 1,15,756/- under Section 78 2. We heard both sides. 3. The appellant rendered Money Transfer Service. They entered into an agreement with M/s. Weizmann Forex Ltd. Cochin (Weizmann) to act as the sub-represen .....

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..... sumer Receive Transaction paid out to a recipient at one of the locations. They also pay to the appellant 50% of any gain made in relation to the conversion of currency associated with the money transfer, at the currency conversion rates determined by Western Union. Revenue proceeded against the appellant demanding service tax of Rs. 1,15,756/- (Rupees One lakh fifteen thousand seven hundred and f .....

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