Non-payment of service tax on management consultancy services, royalty services, intellectual property...

Non-payment of service tax on management consultancy services, royalty services, intellectual property right services, business auxiliary services, and banking and financial services was challenged. The Tribunal held that no service tax was payable on management consultancy services provided to the Baddi unit as it was a constituent entity. The demand for intellectual property right services for the period October 2004 to March 2012 was set aside as it became taxable only from September 2004. The job-work charges did not amount to rendering of business auxiliary services as finished goods emerged after job work. The demand for banking and financial services was set aside as no such services were rendered by the holding company, and transact..... .....

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