providing consultancy services in diverse areas like, government,
infrastructure, energy, banking and financial services etc. Its core competence is
mainly advisory services ... various industries. Its revenue generation is from
consultancy fees. Thus,a company which had provided management, consultancy
services in diverse fields can be held
comparables:-
Access India Advisers Ltd.,Future Capital Investment Advisers Ltd.,ICRA Management
Consulting Services Ltd., IDCI Limited , Informed Technologies Ltd., Integrated Capital
Services ... companies selected by the assessee as comparable, viz.
ICRA Management Consultancy Services Limited and Informed Technologies Limited, therein
submitted that if the exclusion
that all services, whether Engineering
Services (Network Engineering Services, Management and Operation
of Network Services (Managed Services) in Telecom Sector or
Management Consulting Services ... that all services, whether
Engineering Services (Network Engineering Services,
Management and Operation of Network Services (Managed
Services) in Telecom Sector or Management Consulting
Services
into advisory and
management consultancy. It was averred by the ld. A.R that in
management consultancy and investment advisory common functions
are involved ... providing management consultancy can safely be
compared with an investment advisory company. In order to drive
home his contention that ICRA Management Consulting Services
concern was not rendering
general consultancy services but it was providing financial
consultancy, which is comparable to the instant services rendered by
the assessee ... same is functionally incomparable
as it provides consultancy services pertaining to software services,
KPO services, ITES services, etc. Though the Ld. Representative has
pleaded
stand is that all services except Underwriting services and services related to Stockbroker services are covered under Management Consultancy Service. However the appellants stand ... advice, consultancy or technical assistance, in relation to financial management, human resources management, marketing management, production management, logistics management, procurement and management of information technology
Appellant, erred on the
following grounds:
a. In rejecting ICRA Management Consulting Services Limited, ICRA
Online Limited, Informed Technologies Limited, Integrated Capital
Services Limited ... services rendered to its AE, viz. (i)
ICRA Managing Consulting Services Ltd; (ii) ICRA Online Ltd; (iii)
Informed Technologies Ltd; (iv) Integrated Capital Services
services in respect of helpdesk services, data
centre services, application management services, network
station management services, data network services and
disaster recovery services ... Management Consultancy Service' and the definition of
'Management Consultant' during the disputed period,
submits that the term 'management or business
consultant
2023
Seven S Banking Management Consultancy Services (P) Ltd
The aforesaid Miscellaneous Applications have been filed by
the Revenue against order dated 25/05/2022 ... 2023
Seven S Banking Management Consultancy Services (P) Ltd
in any manner dilute or override the employer's obligation to
deposit the amounts retained
royalty
and the location fee amount. The Appellant is also providing
„management consultancy‟ services to McDonald‟s USA, in terms
of a Service Agreement dated ... utilisation of cenvat credit.
c) Non-payment of service tax on „management
consultancy‟ services by wrongly claiming the
same as „export service‟.
d) Interest
