Commission from financial institution towards sale of their loan product is liable to Service Tax

Bikes Auto Vs C.S.T.-Service Tax – Ahmedabad (CESTAT Ahmedabad) CESTAT find that the issue on merit is not under dispute as Larger Bench in the case of Pagaria Auto Center- 2014 (33) S.T.R. 506 (Tri.- LB) clearly held that the Commission received from the financial institution towards sale of their loan product is liable to Service Tax. Accordingly in the present case the activity of assessee for sale of loan product of financial institution is taxable. Service Tax demand demand not sustainable  if not issued was Time barred However, the appellant have strongly submitted that the demand...