2017 (5) TMI 960

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..... d by client and procurement of service for the client are mentioned as category of activities taxable under BAS - the borrower pays a certain portion of money borrowed, as commission - The commission is received by them in the financial transaction where they acted as middle man/facilitator. - demand upheld - appeal dismissed - decided against assessee. - Service Tax Appeal No. 1149 of 2011 - Fin .....

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..... of Section 65 (19) of Finance Act, 1994. The appellant contested the demand. The Original Authority confirmed the service tax liability of ₹ 1,17,822/- for the period 01/07/2003 to 31/03/2005. He also imposed penalties under Section 76 and 78 of the Finance Act, 1994. On appeal, vide the impugned order, the Commissioner (Appeals) confirmed the original order. 2. The learned Counsel for .....

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..... ed the appeal records. The facts of the case are not in dispute. The appellants challenged the levy only on the ground that they did not receive any consideration from the money lender, whose business was alleged to have been promoted by them. They have received commission from the borrower and this cannot be treated as taxable activity under BAS. We have perused the statutory definition for BAS, .....

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