TaxTMI 
TaxTMI 
2009 (2) TMI 730
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....nt. ORDER In terms of the impugned order, the appellant is required to pre-deposit the following amounts : Sl. No. Particulars of Demand Nature of Service Service Tax Edn. Cess Total Demand 1 Difference in valuation of taxable service Less: Amount paid voluntarily before issue of SCN Net Demand Banking & Other Financial Services 9,14,84,995 17,79,764 9,32,64,759 3,17,00,000 6,15,64....
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....oluntarily even before the issue of show cause notice. The net demand comes to Rs. 6,15,64,759/- in respect of the Banking and Other Financial Services. The learned Chartered Accountant with the help of figures explained that Revenue has included number of items, which by no stretch of imagination would be considered as receipts for services rendered. For e.g. there has been reversal in the ledger....
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....t of Management Consultancy Services, the learned Chartered Accountant explained that there are certain companies operating abroad known as Foreign Exchange Companies. The appellant sends his officers for operating these companies. For the said services rendered abroad, certain amounts are received. It was stated that these amounts would not be liable for service tax prior 18-4-2006. Since the abo....