2008 (3) TMI 60

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....lities to banks in their premises and promoting marketing of car loans for which they receive a commission from such banks. Their activity is of the kind fully described in paragraph 4 of Board's Circular No. 87/05/2006-S.T., dated 6-11-06. As clarified thereunder, such service is liable to Service Tax as business auxiliary service. Shri Chakraborty, learned Consultant appearing for the Appellants....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....alty is payable in this case. 3. After hearing both sides, I find that it was reasonable on the part of the Appellants to presume that exemption under Notification No. 13/2003 was applicable in their case as they were dealers in cars and they received the commission by way of arranging car loans from the banks to whom they had provided the facilities in their premises. However, the Notification h....