Benefit of exemption available to RBI would be available to its agent too

CESTAT, AHMEDABAD BENCH Canara Bank v/s. Commissioner of Service Tax, Bangalore order no. a/723/wzb/ahd/2012 Appeal No. ST/429 of 2008 May 29, 2012  ORDER B.S.V. Murthy, Technical Member – M/s. Canara Bank (Canara Bank) is engaged in the business of banking and financial service in India. Investigation was taken up on the basis of intelligence that Canara Bank provided services of payment and receiving money on behalf of government in respect of various transactions. The investigation, show cause notice and adjudication have resulted in the impugned order in which it h...