2012 (5) TMI 422

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....alra for the Respondent. ORDER 1. The appellants have filed this appeal against the impugned order confirming the service tax demand of Rs.3,24,493/- along with interest under Section 75 of the Finance Act, 1994 and various penalties under Section 77 and 78 of the Finance Act, 1994. 2. The brief facts of the case are that the appellant are providing banking and other financial services an....

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....ices availed during this period was allowed to the appellants. Thereafter, a demand of Rs. 3,24,493/- was confirmed against the appellant along with penalty under Section 77 of Rs. 5000/- and the penalty of equivalent amount of service tax under Section 78 of the Finance Act, 1994. Aggrieved from the said order, the appellant is before me. 3. The ld. advocate for the appellant submits that as t....

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....r which appellants are ready to produce the original invoice and also undertake to produce service tax registration for the invoices which are not bearing service tax registration. 5. On the other hand, Shri S. Kalra, ld. JDR appeared and submitted that the appellants were registered with the department under the category of banking and other financial service for service tax purposes. Therefor....

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....the appellant had surrendered the service tax registration by availing the benefit of the Notifications 6/2005 dated 1.3.2005. As soon as the registration certificate has been surrendered by appellant, duty is cast on the department to verify whether the appellant has rightly gone out of the ambit of service tax or not. The department has not done this exercise within one year of the surrender of ....