Agency Commission received by Banks / FIs from RBI / Govtschemes is exempt from service tax

 CESTAT, MUMBAI BENCH Union Bank of India versus Commissioner of Central Excise & Service Tax, Mumbai ORDER NOS. A/21-22/2013/CSTB/C-I APPEAL NOS. ST/143 & 144 OF 2009 NOVEMBER  8, 2012 ORDER Ashok Jindal, Judicial Member – Union Bank of India has filed an appeal against the impugned order wherein service tax demand has been confirmed against them under the category of ‘Banking & other financial services’ on the activity that they are providing service of payment and receiving money on behalf of the government in respect of various transactions ...