2019 (12) TMI 1372

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....d P. Venkata Subba Rao, Member (T) None, for the Appellant. Shri A.K. Saini, Authorised Representative, for the Respondent. ORDER [Order per : Ashok Jindal, Member (J)]. - The appellant is in appeal against the impugned order demanding service tax on the late payment charges under the category of 'Banking and Other Financial Services' and has also filed an application for additional gr....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ax on account of delayed deposit of instalment of higher-purchase charges by the customers. Both the authorities below have confirmed the demand against the appellant. Aggrieved from the said order, the appellant is before us. 3. None appeared on behalf of the appellant. The appeal is taken up for consideration as the issue lies in a narrow compass. 4. The appellant in the grounds ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t the delayed payment charges received by the stock brokers are not includible in taxable value as the same are not the charges for providing taxable services. This principle will also apply to other services providers. Therefore, they are not liable to pay service tax on the incidental charges received by them on account of delayed payment of instalment by the customers. 6. On the other h....