Service Tax not applicable to tasks verifying financial status of potential customers, not considered Business Auxiliary Service.
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....If the Bank requires the appellant to verify and report on the financial position of the prospective/potential customer identified by the Bank and got the report within the time frame/format, it cannot be said that the appellant is marketing/promoting the business of the Bank. - prima facie, we find that the Service Tax cannot be demanded under BAS. - AT....




TaxTMI
TaxTMI