https://www.taxtmi.com/caselaws?id=254323 The Tribunal granted a complete waiver of pre-deposit for HDFC Bank Ltd. and ICICI Prudential Life Insurance Co. Ltd., including service tax, interest, and penalties, staying the recovery during the appeal's pendency. The Tribunal found that charges retained by the lender constituted interest on the loan, exempting them from service tax liabilities on various transactions, including discounting invoices and charging penal interest on bills of exchange discounted. en-us Tue, 14 Oct 2014 00:00:00 +0530 Wed, 02 Sep 2015 14:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254323 The Tribunal granted a complete waiver of pre-deposit for HDFC Bank Ltd. and ICICI Prudential Life Insurance Co. Ltd., including service tax, interest, and penalties, staying the recovery during the appeal's pendency. The Tribunal found that charges retained by the lender constituted interest on the loan, exempting them from service tax liabilities on various transactions, including discounting invoices and charging penal interest on bills of exchange discounted. Case-Laws Service Tax Tue, 14 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254323