2012 (5) TMI 32

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..... (AR) Per: Ashok Jindal: A service tax demand along with interest and various penalties under the Finance Act, 1994 has been confirmed against the appellant under the category 'Banking and other Financial Services' on reverse charge basis. "Whether the payment made by the applicant to Society for Worldwide Inter-bank Financial Telecommunication (SWIFT) for transfer of funds to members Banks is l .....

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..... data processing. By going through the above provisions of Section 65(12) of the Finance Act, 1994, prima facie we are of the view that the activity undertaken by the applicant is covered under the 'banking and other financial services'. Therefore, the applicant has failed to make out a case for waiver of pre-deposit of the service tax. Accordingly, we direct the applicant to make a pre-deposit of .....

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