https://www.taxtmi.com/caselaws?id=212716 An intermediary that sources prospective borrowers for a financing bank renders a distinct service to the bank itself, not a service on behalf of the bank to borrowers. Because the arrangement involved remuneration by the bank and no tripartite agreement, appointment letter, or obligation to borrowers, the claimed benefit under Notification No. 14/2004-S.T. was unavailable. The activity was therefore treated as a taxable service to the bank, and refund relief based on the exemption was not sustainable. en-us Fri, 08 Jul 2011 00:00:00 +0530 Sat, 21 Apr 2012 07:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212716 An intermediary that sources prospective borrowers for a financing bank renders a distinct service to the bank itself, not a service on behalf of the bank to borrowers. Because the arrangement involved remuneration by the bank and no tripartite agreement, appointment letter, or obligation to borrowers, the claimed benefit under Notification No. 14/2004-S.T. was unavailable. The activity was therefore treated as a taxable service to the bank, and refund relief based on the exemption was not sustainable. Case-Laws Service Tax Fri, 08 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212716