Service Tax not payable on Financial Advisory Services provided by CRISIL prior to 16.08.2002

1. The Appellant by the present Appeal is challenging order dated 18th May 2016 passed by the Customs, Excise and Service Tax Appellate Tribunal, West Zonal Bench at Mumbai (for short “Appellate Tribunal”). 2. The Respondent undertakes “Financial Advisory Services” in respect of energy, banking, development, finance, transport and urban infrastructure, disinvestment and risk management. The Appellant was paying service tax on the aforementioned services under the head of “Banking and other Financial Services” with effect from 16th August 2002. A show cause notice dated 20th Februar...