2008 (7) TMI 279

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..... ohan, SDR, for the Respondent. [Order per : Jyoti Balasundaram, Vice-President]. - We have heard both sides on the application for waiver of pre-deposit of service tax of Rs. 59,40,500/- confirmed against the applicants herein on the ground that they were rendering security agency services, and penalty of Rs. 500/- under Section 75A, Rs. 200/- under Section 76 for each day of continuation of fail .....

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..... second contention of the applicants is that they are not a commercial concern as they are operating on a no profit no loss basis, and CBEC Circular No. 86/4/2006-S.T. dated 1-11-2006 is cited to support the contention that service tax which is leviable on a commercial concern rendering security agency services, cannot be levied upon the applicants for the reason that their primary aim was not pro .....

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..... irect pre-deposit of a sum of Rs. 15,00,000/- (Rupees fifteen lakhs only) towards service tax within eight weeks from today and on such deposit, pre-deposit of balance tax as well as penalties shall stand waived and recovery thereof stayed pending the appeal. Failure to comply with this direction shall result in vacation of stay and dismissal of appeal without prior notice. 4. Compliance is to be .....

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