2013 (12) TMI 1071

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....th sides. 2. The applicant filed this application for waiver of pre-deposit of Service Tax of Rs.17,24,611/-. The applicant has already paid an amount of Rs.8,62,306/-. The demand is confirmed on the ground that that the applicant has provided the financial services as defined under Section 65 (12) of Finance Act, 1994. The contention of the applicant is that the applicant being the recipient of ....

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.... not sustainable. 4. Revenue relied upon the findings of lower authorities and submits that the applicant has paid certain amount for getting financial assistance from International Bank for Reconstruction and Development, which is arranged by International Finance Corporation. Therefore, the applicant received the taxable services, which are covered under the provisions of Section 65 (12) of Fin....