https://www.taxtmi.com/caselaws?id=239896 The Tribunal concluded that the amounts received by the appellant were interest-free loans and not consideration for services rendered. The service tax liability, if any, should be based on the interest saved from these loans, amounting to approximately Rs. 12 crore. The appellant was directed to make a pre-deposit of this amount to proceed with the appeal. en-us Mon, 10 Jun 2013 00:00:00 +0530 Wed, 08 Jan 2014 09:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239896 The Tribunal concluded that the amounts received by the appellant were interest-free loans and not consideration for services rendered. The service tax liability, if any, should be based on the interest saved from these loans, amounting to approximately Rs. 12 crore. The appellant was directed to make a pre-deposit of this amount to proceed with the appeal. Case-Laws Service Tax Mon, 10 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239896