2010 (5) TMI 349

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....p;  Shri S. Ananthan, C.A., for the Appellant. Smt. Joy Kumari Chander, Jt. CDR, for the Respondent. [Order per : M.V. Ravindran, Member (J)]. - This stay petition is filed for waiver of pre-deposit of the following amounts :- (i)      Service Tax of Rs. 6,04,75,036/-; (ii)    Interest under Section 75 of the Finance Act, 1994; (iii)&n....

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....it is the submission that such services cannot be considered as services under the category of 'Business Auxiliary Service'. He draws our attention to the definition of 'commission agent' as per the Board's Circular No. 59/8/2003 dated 20-6-2003. It is the submission that in this case, the appellant does not cause sale or purchase of the goods. It is the submission that decision of this Bench in t....

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....t units of mutual funds are goods and hence, such service cannot be considered as 'Business Auxiliary Services' nor commission received on sale of such mutual funds. As regards the commission received towards the marketing and sale of credit cards, it is the submission that credit cards are their own credit cards and there is no commission received on marketing and sale of credit cards of State Ba....