Applicability of Service Tax on hire purchase transactions - Supreme Court uphold the decision of Tribunal differentiating between

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....pplicability of Service Tax on hire purchase transactions - Supreme Court uphold the decision of Tribunal differentiating between <br>News and Press Release<br>Dated:- 15-6-2008<br><BR>Earlier in a ma....

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....tter of M/s BAJAJ AUTO FINANCE LTD Versus COMMISSIONER OF C. EX., PUNE reported in 2007 -TMI - 1546 - CESTAT,MUMBAI, honorable tribunal, after detailed discussions and findings, has held that: "that ....

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....hire purchase finance, in which the appellants are engaged, is different from hire purchase and that hire purchase finance is not covered under the provisions of Section 65(10) of Chapter V of the Fin....

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....ance Act, 1994, and accordingly the demand was dropped against the appellant." Department preferred an appeal against the order of CESTAT before the Supreme Court. Honorable Apex Court in the matter ....

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....of COMMISSIONER OF CENTRAL EXCISE Versus BAJAJ AUTO FINANCE LTD. reported in 2008 -TMI - 4186 - SUPREME COURT, upheld the decision of CESTAT. Relevant provisions: Section 65(10) of Chapter V of the ....

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....Finance Act, 1994 (Service Tax) Banking and other financial services<BR> News - Press release - PIB....