https://www.taxtmi.com/caselaws?id=351521 The Tribunal upheld the classification of most services provided by a non-banking financial institution under Banking and other financial services, except for specific services like employee administration and ATM card embossing, classified under Business Auxiliary Services. Refund claims for services not falling under the said category were partially granted. The Tribunal ruled that activities such as deposit processing and insurance policy processing did not qualify as Banking and other financial services, but issuing power plus cards for fuel did. Penalties imposed were set aside, and the demand for service tax on services other than power plus cards for fuel was annulled, partially allowing the appeal. en-us Wed, 06 Sep 2017 00:00:00 +0530 Fri, 27 Apr 2018 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351521 The Tribunal upheld the classification of most services provided by a non-banking financial institution under Banking and other financial services, except for specific services like employee administration and ATM card embossing, classified under Business Auxiliary Services. Refund claims for services not falling under the said category were partially granted. The Tribunal ruled that activities such as deposit processing and insurance policy processing did not qualify as Banking and other financial services, but issuing power plus cards for fuel did. Penalties imposed were set aside, and the demand for service tax on services other than power plus cards for fuel was annulled, partially allowing the appeal. Case-Laws Service Tax Wed, 06 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351521