2011 (2) TMI 729

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....d for the waiver of pre-deposit of the following amounts:-     (i) Service Tax: Rs.2,85,41,148/- along with interest     (ii) Penalty: Rs.2,85,00,000/- 2. Heard both sides and perused the records. 3. The learned counsel submits that the demand has arisen on the ground that the appellants have provided services for which they have not paid the Service Tax and also ....

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....as a Chartered Accountant and that these services were never utilized by the sub-contractors for any other purposes for providing exempted services. It is his submission that in any case, they have deposited an amount of Rs. 19.37 lakhs under the presumption that they are liable to pay the Service Tax in respect of the foreign remittances, which can be considered as enough deposit though not liabl....