2008 (11) TMI 115

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....ber (Technical) and Shri M.V. Ravindran, Member (Judicial)  (Final Order No. 1333/2008 dt. 25.11.2008 certified on 16.12.2008 in Appeal No. ST/239/2008) Shri G. Thangaraj, Cost Accountant for Appellant. Ms. Joy Kumari Chander, JCDR for Respondent. [Order per : T. K. Jayaraman, Member (Technical)] - This appeal has been filed against the impugned order in appeal No.13/2007-ST (CHN)....

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....ous centres e) Transfer of funds to various locations f)  Issue of TT/MT/DD/PO g) Distribution of funds for credit of the accounts of beneficiaries at various centres h) Centralized Collection and Payment accounting solution etc. 5. Revenue proceeded against the appellants on the ground that they are carrying out "Business Auxiliary Services". Hence, the lower authority confirm....

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.... other body corporate, namely:- i. Financial leasing services including equipment leasing and hire-purchase by a body corporate ii. Credit Card Services iii. Merchant banking services iv. Securities and foreign exchange (forex) broking v. Asset management including portfolio management, all forms of fund management, pension fund management, custodial, depository and trust services, ....

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.... with effect from June 2007. From that date onwards the appellants have been discharging the service tax liability under "Banking and financial services". Hence, he argued that in the facts of the case the said activity could not have been brought under "Business Auxiliary Service" Reference was also invited to the earlier order of this Bench in the party's own case reported in 2008 (86) RLT 4....