https://www.taxtmi.com/caselaws?id=236455 Advertisement expenses incurred for mutual fund schemes were not shown, at the prima facie stage, to satisfy the definition of input service under Rule 2(l) of the CENVAT Credit Rules, 2004 for the appellant's financial advisory and asset management output service. The tribunal noted that the advertisements appeared to relate to the mutual fund schemes and that the appellant acted as a pure agent for those expenses, so complete waiver of pre-deposit was declined. The appellant was directed to deposit Rs. 25,00,000; on such deposit, the balance demand, interest and penalty were waived and recovery stayed during the appeal. The limitation plea was kept open for final hearing. en-us Mon, 03 Jun 2013 00:00:00 +0530 Tue, 27 Aug 2013 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236455 Advertisement expenses incurred for mutual fund schemes were not shown, at the prima facie stage, to satisfy the definition of input service under Rule 2(l) of the CENVAT Credit Rules, 2004 for the appellant's financial advisory and asset management output service. The tribunal noted that the advertisements appeared to relate to the mutual fund schemes and that the appellant acted as a pure agent for those expenses, so complete waiver of pre-deposit was declined. The appellant was directed to deposit Rs. 25,00,000; on such deposit, the balance demand, interest and penalty were waived and recovery stayed during the appeal. The limitation plea was kept open for final hearing. Case-Laws Service Tax Mon, 03 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236455