2013 (11) TMI 1689

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....for the Appellant. Ms. Indira Sisupal, AC (AR), for the Respondent. ORDER [Order per : Mathew John, Member (T)]. - The applicant is a company incorporated on 1-5-2008 under the Companies Act, 1956. This company is a joint venture of M/s. Renold International Holding Ltd. (RIHL) and M/s. LG Balakrishnan & Bros. Ltd. (LGB), holding 75% and 25% of shares respectively. 2. Before acqui....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Management or Business Consultancy Services" and the applicant-company should have paid service tax under reverse charge mechanism as provided in Section 66A of the Finance Act, 1994. Based on such reasoning a show cause notice was issued and on adjudication, service tax demand of Rs. 30,96,588/- along with interest and penalties is confirmed against the applicant. Aggrieved by the adjudication or....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nting standards. Applicant-company did not receive any service from the three consulting companies because when the service was rendered the applicant-company was not in existence at all and transfer of money from the applicant-company to RIHL by itself cannot imply that RIHL was providing the service to the applicant. Thus the ld. Advocate submits that services received prior to the incorporation....