2017 (3) TMI 515

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... (AR) for the Respondent. Per: Sulekha Beevi, C.S.] The above appeal is filed against the order passed by Commissioner (Appeals) who upheld the rejection of refund claim of service tax paid on Input services. 2. The appellant an STPI Unit engaged in export of Software services. The period involved is October, 2011 to December 2011. The various services and the amount involved are furnished in th .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ellant is eligible for refund. He submitted that the Banking and other Financial Services were received by the appellant as advice for redemption of employees stock option. The appellant has availed the said services for the benefit of the company and therefore such services are essential and has nexus with the output services. 4. Against this, the Ld. AR, Shri. Nagraj Naik reiterated the finding .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... es. That the banking and Financial services was received by the appellant for the purpose of taking advice on redemption of employees stock option. I find that these services are directly connected with, the business activities of the appellant therein, and therefore eligible for credit. Following the judgment of Tribunal in the Final Order No.A/30100/2017, I hold that the appellant eligible for r .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X