Services received from IFC & ADB not, prima facie, liable to service tax

CESTAT, MUMBAI BENCH Coastal Gujarat Power Ltd. Versus Commissioner of Service Tax, Mumbai STAY ORDER NO. S/701/2012-WZB/C-I(CSTB) APPLICATION NO. ST/STAY/1976/2011 APPEAL NO. ST/651/2011 Date of Pronouncement – 17.05. 2012 ORDER Ashok Jindal, Judicial Member The appellant has filed an application for stay of demand confirmed against them of Rs. 8,22,79,928/- of service tax along with interest and various penalties under the Finance Act, have been confirmed against them for the period March 2008 to September 2010 under the category of “Banking and Financial Servic...