https://www.taxtmi.com/caselaws?id=206956 The tribunal upheld the demand for short payment of service tax, finding discrepancies in reconciliation and confirming the tax liability. Transaction charges paid to the stock exchange were deemed taxable as part of the service provided. Service tax on delay pay-in-charges was justified as an extension of credit by the appellant. IPO income was held taxable under business auxiliary service, leading to a service tax liability. Despite arguments against time-barred adjudication and penalty imposition, the tribunal directed a pre-deposit to protect revenue interests, with potential waiver of the balance amount during the appeal process. en-us Tue, 02 Aug 2011 00:00:00 +0530 Wed, 09 Dec 2015 14:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206956 The tribunal upheld the demand for short payment of service tax, finding discrepancies in reconciliation and confirming the tax liability. Transaction charges paid to the stock exchange were deemed taxable as part of the service provided. Service tax on delay pay-in-charges was justified as an extension of credit by the appellant. IPO income was held taxable under business auxiliary service, leading to a service tax liability. Despite arguments against time-barred adjudication and penalty imposition, the tribunal directed a pre-deposit to protect revenue interests, with potential waiver of the balance amount during the appeal process. Case-Laws Service Tax Tue, 02 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206956