2012 (5) TMI 32

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..... definition of ‘banking and other financial services' which provide the services provided by a banking company or a financial institution including a non-banking financial company or any other body corporate or commercial concern, namely provision and transfer of information and data processing the activity undertaken by the applicant is covered under the ‘banking and other financial services'- no .....

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..... cally covered under the telecommunication service. In alternative, he submitted that as SWIFT is a co-operative society, therefore, there is a case covered under Club and Association service. Therefore, they are not liable to pay service tax under the banking and other financial services' category. 2. Heard the learned Consultant and the learned AR and perused the definition of banking and oth .....

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