2008 (12) TMI 364

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....der, JCDR, for the Respondent. [Order per: M.V. Ravindran, Member (J) (oral)]. - This stay application is directed against the waiver of pre-deposit of the amounts involved as under:- (i) An amount of Rs. 90,47,811/- towards Service Tax under proviso to Sub-section (1) of Section 73 of the Finance Act, 1944; (ii) Interest under Section 75 on the above amount. (iii) Penalty of Rs. 90,47,811/- u....

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....ars of the dues from the customers were collected by the applicant during the period February 2005 to February 2006 to the tune of Rs. 125 crores. It is his submission that after allowing the exemptions, which are available to them, the net balance on which tax is payable, comes to Rs. 103.78 crores. He would submit that they have discharged the Service Tax payable from 1-7-1994 to 17-4-2006 based....

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....on that they should pay interest on such amount. 5. On a careful consideration of the entire issue, we find that the issue of taxability of the Service Tax on various items needs to be gone into in detail. At this stay stage, we are unable to go into the details, as voluminous records need to be gone into. We find that out of the total demand of Rs. 90,47,8 the applicant has deposited Rs. 13,06,0....