https://www.taxtmi.com/caselaws?id=212969 The Appellate Tribunal CESTAT, Mumbai, confirmed the service tax liability against the appellant for payments made to SWIFT for fund transfers to member Banks under the category of 'Banking and other Financial Services'. The Tribunal determined that the appellant's activities fell within the definition provided in the Finance Act, 1994. Consequently, the appellant was directed to make a pre-deposit of the service tax amount within eight weeks. Compliance with this directive would lead to the waiver and stay of interest and penalties under the Finance Act during the pendency of the appeals. en-us Wed, 07 Mar 2012 00:00:00 +0530 Wed, 08 Jan 2014 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212969 The Appellate Tribunal CESTAT, Mumbai, confirmed the service tax liability against the appellant for payments made to SWIFT for fund transfers to member Banks under the category of 'Banking and other Financial Services'. The Tribunal determined that the appellant's activities fell within the definition provided in the Finance Act, 1994. Consequently, the appellant was directed to make a pre-deposit of the service tax amount within eight weeks. Compliance with this directive would lead to the waiver and stay of interest and penalties under the Finance Act during the pendency of the appeals. Case-Laws Service Tax Wed, 07 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212969