#finance against property in jaipur

[cashagainstproperty]

 Loan Against Property in Jaipur Loan Against Flat in Jaipur Capified

Loan Against Property in Jaipur

Capified provides loans against Property in Jaipur services for different types of residential and commercial properties. We can assist our clients in obtaining housing loans, commercial property loans, and loans against property or Mortgage loans at the most favorable terms and conditions to our clients. 

Loan Against Flat in Jaipur

Capified are the ones who provide loans against flats in Jaipur. You have a wage and you are qualified then this is the less expensive loan choice for you for having a loan against property in Jaipur. The property has to be occupied for a particular period of time, which differs depending on the state. 

finance against property in jaipur

Capified helps you to get finance against property private finance, so you can realize your personal or business goals Jaipur. We offer the best services for cash against your property that can be a built-up residential or commercial property, an approved vacant land or a rental discounting of residential\commercial property. 

Top Finance Against Property in jaipur

Get the finance against property in Jaipur as a security from Capified that has experienced bankers. This will work with you to find the best solution for your individual situation. We offer the best loan against property in various places, best loan against property with loan against property with less number of documents. 

private financer in jaipur against property

Get the private financer against property in Jaipur from Capified that is a well-informed team, we are occupied in rendering Private Financer against property in Jaipur. These services are vastly well-liked among our patrons for their timely completion. Our offered service is accomplished employing the advanced techniques. 

Loan Against Property Lowest Interest Rate

Get the loan against property from Capified at the lowest interest rate that offers a secured loan in Jaipur. This asset can either be an owned land, a house, or any other commercial premises. The asset remains as collateral with the lender until the entire loan against property amount is repaid. 

READ MORE.....Cash Against Property Loan Against Property in Delhi Gurgaon Noida - Capified

[aryacollegeofengineering]

How to start learning artificial intelligence?

Artificial Intelligence learning Process

 Introduction:- Best Collages of Engineering in Rajasthan have courses like AI, computer science, etc.

 Intelligence: The capacity to learn and solve problems.

Artificial Intelligence:

Artificial Intelligence is work done by machines in the simulation of human intelligence

The ability to solve problems.

 The ability to act rationally.

The, ability to act like humans.

 Reasoning, knowledge, planning, learning, and communication.

 Ability to move to make manipulate objects.

Science and Technology that make intelligent machines, especially intelligent computer programs

Definition

BTech colleges of Engineering of Jaipur have very good teachers who teach AI which means Artificial Intelligence is the Combination of Science and Technology which included the behavior of machines and the branch of computer science that aims to create it. Computer science and technology that is concerned with the automation of intelligent behavior (Luger and Stubblefield. 1993)

Application of AI in machine

Image-guided in Hospitals in every department like cardiology (CRG), neurology (MRI), embryology (sonography), complex operations of internal organs, etc. This application can Image-guided surgery and image analysis and enhancement

Application of AI in Music

After using Science and technology combination, computers are made the skilful musician. Music has many things Composition, performance, music theory, and sound processing are some of the major areas on which research in music and AI are focusing Eg: chucks, smart music, etc.

Application of AI in Telecommunications

Many companies are using heuristic search in the management of their workforces, AI made inside work and communication simple

AI and Robotics

Robert is the big invention of AI, it is an artificial agent, Its is a program guided by a computer command and electronic circuit. The robot has sentheir of intelligence or thoughts of its own

Application of AI in Gaming

The gaming industry is booming nowadays as new developers make new games that are to be used by AI that gives realistic gaming experiences to compete against one another on a virtual Platform

Application of AI in Banking

Organize operations, invest in stocks, and manage properties.  Some Finance related AI apps to be used in the banking sector include loan investigation, ATM design, safe and fast banking, etc.

Some Other Applications

Credit granting

Information management and retrieval

AI and expert systems embedded in products

Plant layout

Help desk and assistance

Employee performance evaluation

Shipping

Marketing

Warehouse optimization

In-space workstation maintenance

Satellite controls

Network developments

Nuclear management

 Advantages :

More powerful and more useful computers.

New and improved interfaces.

Solving new problems.

Better handling of information.

Relieves information overload.

Conversion of information into knowledge.

 Disadvantages :

 Increased costs

 Slow and expensive

Few experienced programmers

 How To Get Started With AI

Choose a topic you are interested

Find a quick solution

Improve your simple solution

Share your solution

Repeat steps 1-4 for different problems

Complete a Kaggle competition

Use machine learning professionally

Future And Growth With AI

Private Colleges of Engineering of Rajasthan are looking at the features and its wide application we may stick to artificial intelligence. As AI development in the future world is becoming artificial, Biological intelligence is fixed, because it is an old, mature paradigm but the new paradigm of non-biological computation and intelligence is growing exponentially. They are probably used in remembering visual impressions, and other comparatively wasteful ways. We can also say that with AI, we can work smoothly. AI has become a need of our life that is used in many fields.

Conclusion

After providing all facilities in colleges by Top Engineering Collage in Jaipur students have learned principles, applications, and achievements, etc. The Purpose of working on Al is to solve the majority of the problems or to achieve the tasks which we humans directly can't accomplish. The development of computer science will change the complete scenario of the world. After using AI in day-to-day activity people are growing and making their businesses profitable with their Tech support and the science behind it. You can also learn AI from home even if u don’t have any experience and you can start applying your knowledge in practice, creating simple machine-learning solutions, and making the first steps toward your new profession.

Source: Click Here

[educationtech]

Types of Artificial Intelligence Learning Models - ACEIT

Introduction:- Best Collages of Engineering in Rajasthan have courses like AI, computer science, etc.

Intelligence: The capacity to learn and solve problems.

Artificial Intelligence:

Artificial Intelligence is work done by machines in the simulation of human intelligence

1) The ability to solve problems.

2) The ability to act rationally.

3) The, ability to act like humans. 1) Reasoning, knowledge, planning, learning, and communication. 2) Ability to move to make manipulate objects. 3) Science and Technology that make intelligent machines, especially intelligent computer programs

Definition

BTech colleges of Engineering of Jaipur have very good teachers who teach AI which means Artificial Intelligence is the Combination of Science and Technology which included the behavior of machines and the branch of computer science that aims to create it. Computer science and technology that is concerned with the automation of intelligent behavior (Luger and Stubblefield. 1993)

Application of AI in machine

Image-guided in Hospitals in every department like cardiology (CRG), neurology (MRI), embryology (sonography), complex operations of internal organs, etc. This application can Image-guided surgery and image analysis and enhancement

Application of AI in Music

After using Science and technology combination, computers are made the skilful musician. Music has many things Composition, performance, music theory, and sound processing are some of the major areas on which research in music and AI are focusing Eg: chucks, smart music, etc.

Application of AI in Telecommunications

Many companies are using heuristic search in the management of their workforces, AI made inside work and communication simple

AI and Robotics

Robert is the big invention of AI, it is an artificial agent, Its is a program guided by a computer command and electronic circuit. The robot has sentheir of intelligence or thoughts of its own

Application of AI in Gaming

The gaming industry is booming nowadays as new developers make new games that are to be used by AI that gives realistic gaming experiences to compete against one another on a virtual Platform

Application of AI in Banking

Organize operations, invest in stocks, and manage properties.  Some Finance related AI apps to be used in the banking sector include loan investigation, ATM design, safe and fast banking, etc.

Some Other Applications

Credit granting

Information management and retrieval

AI and expert systems embedded in products

Plant layout

Help desk and assistance

Employee performance evaluation

Shipping

Marketing

Warehouse optimization

In-space workstation maintenance

Satellite controls

Network developments

Nuclear management

Advantages :

More powerful and more useful computers.

New and improved interfaces.

Solving new problems.

Better handling of information.

Relieves information overload.

Conversion of information into knowledge.

Disadvantages :

Increased costs

Slow and expensive

Few experienced programmers

How To Get Started With AI

Choose a topic you are interested

Find a quick solution

Improve your simple solution

Share your solution

Repeat steps 1-4 for different problems

Complete a Kaggle competition

Use machine learning professionally

Future And Growth With AI

Private Colleges of Engineering of Rajasthan are looking at the features and its wide application we may stick to artificial intelligence. As AI development in the future world is becoming artificial, Biological intelligence is fixed, because it is an old, mature paradigm but the new paradigm of non-biological computation and intelligence is growing exponentially. They are probably used in remembering visual impressions, and other comparatively wasteful ways. We can also say that with AI, we can work smoothly. AI has become a need of our life that is used in many fields.

Conclusion

After providing all facilities in colleges by Top Collages of Engineering of Jaipur students have learned principles, applications, and achievements, etc. The Purpose of working on Al is to solve the majority of the problems or to achieve the tasks which we humans directly can't accomplish. The development of computer science will change the complete scenario of the world. After using AI in day-to-day activity people are growing and making their businesses profitable with their Tech support and the science behind it. You can also learn AI from home even if u don’t have any experience and you can start applying your knowledge in practice, creating simple machine-learning solutions, and making the first steps toward your new profession.

[india-times]

Godrej group marks entry into lending business with Godrej Capital

MUMBAI : The 125-year-old Godrej group has entered into the lending business launching its unit Godrej Capital Limited, which will be a subsidiary of Godrej Industries Limited.  

Godrej Capital will be the holding entity for Godrej Housing Finance and Godrej Finance Limited, its non-banking financial company (NBFC), Godrej group said in a statement. 

Godrej Finance held a NBFC licence since 1998, when it was known as Ensemble Holdings and Finance; however, it has never been active in the lending space. 

Godrej Industries has now committed to invest Rs 1,500 crore in capital in Godrej Capital. With its retail financial services business, the $4.1 billion conglomerate group has a near-term aim to build Rs 30,000 crore balance sheet by 2026, the statement further said. 

Godrej Capital currently has its footprint across Mumbai, Bengaluru, Delhi NCR, Ahmedabad, and Pune and will soon be operational in six new cities, i.e., Jaipur, Chandigarh, Hyderabad, Chennai, Indore and Surat. 

“Godrej Capital will form a key pillar in the overall growth of the Godrej Group. We started with home loans in select geographies in 2020. Having seen strong customer acceptance of our offering, we are very optimistic about the prospects of our financial services venture and will be entering new markets and enhancing our reach across key target sectors and consumer segments,” said Pirojsha Godrej, Chairman, Godrej Capital. 

The company will continue to focus on growing its secured loan book consisting of home loans and loans against property (LAP) and  is positioned to diversify into other customer segments and products. Additionally, the business aims to grow its team by 50% to approximately 500 people in this financial year to aid geographical expansion. 

“We have successfully implemented a digital-first approach at Godrej Housing Finance through innovative products such as Design Your EMI and end-to-end contactless solutions delivered digitally. This has inspired us to grow our footprint and to broaden our service offerings to different customer segments through affordable housing loans and unsecured loans. We envision Godrej Capital becoming a new- age, leading retail financial services institution in the years ahead,” said Manish Shah, MD & CEO, Godrej Capital.

In October 2020, the group launched Godrej Housing Finance, which offers mortgage loans of Rs 40 lakh to Rs 1 crore, but only for customers of Godrej Properties. Its capital adequacy ratio stood at 21.8% as of March 2021, and had a loan book of Rs 1,001 crore as of December 2021. 

Last year in July, following a Reserve Bank of India (RBI) approval, group holding company Godrej Industries transferred its stakes in its units Godrej Housing Finance and Godrej Finance to Godrej Capital (another subsidiary earlier called Pyxis Holdings), making it the group’s financial holding company.

According to data from the ministry of corporate affairs, Godrej Finance has been engaged in investment and other NBFC activities. Investment activities include dealing in listed and unlisted securities and holding 0.6% of Godrej Properties, it said. 

Godrej Industries had signalled its ambition in the finance business last year itself. “The company is looking at expanding and diversifying its business activities. It believes there is a strong potential for housing finance and non-banking finance business in our country with a decent return on investments. The housing finance business in India has been growing at a steady pace. GHFL has recently obtained a licence to operate as a housing finance company and has commenced operations. Looking at the opportunity in the housing finance sector and NBFC business, it is proposed to nurture the finance business under the company’s umbrella, being the flagship firm of the group,” it wrote to stock exchanges on 24 August.

 The Godrej group was founded in 1897 when brothers Ardeshir and Pirojsha Godrej opened a lock-making company in Mumbai after failing in earlier ventures. It has since emerged as a global conglomerate. 

The group has been going through an ownership shake-up after a family feud cropped up between the two brothers, resulting in the division of the group’s businesses among the next generation of the family. 

The group is led by veteran industrialist Adi Godrej (79) as chairman. His brother Nadir Godrej is chairman of Godrej Industries and Godrej Agrovet. Their cousin Jamshyd N. Godrej is chairman of Godrej & Boyce Manufacturing Co. Ltd, whose assets include largely undeveloped land across Mumbai. 

Adi’s son Pirojsha runs the listed Godrej Properties, which is developing some of the land owned by Godrej & Boyce, along with other projects across Mumbai. Adi’s youngest daughter, Nisaba, is chair and managing director of Godrej Consumer Products Ltd. Adi’s other daughter, Tanya, is executive director and chief brand officer of Godrej Industries.

[cashagainstproperty]

  Loan Against Property in Jaipur Loan Against Flat in Jaipur Capified

Loan Against Property in Jaipur

Capified provides loans against Property in Jaipur services for different types of residential and commercial properties. We can assist our clients in obtaining housing loans, commercial property loans, and loans against property or Mortgage loans at the most favorable terms and conditions to our clients. 

Loan Against Flat in Jaipur

Capified are the ones who provide loans against flats in Jaipur. You have a wage and you are qualified then this is the less expensive loan choice for you for having a loan against property in Jaipur. The property has to be occupied for a particular period of time, which differs depending on the state. 

finance against property in jaipur

Capified helps you to get finance against property private finance, so you can realize your personal or business goals Jaipur. We offer the best services for cash against your property that can be a built-up residential or commercial property, an approved vacant land or a rental discounting of residential\commercial property. 

Top Finance Against Property in jaipur

Get the finance against property in Jaipur as a security from Capified that has experienced bankers. This will work with you to find the best solution for your individual situation. We offer the best loan against property in various places, best loan against property with loan against property with less number of documents. 

private financer in jaipur against property

Get the private financer against property in Jaipur from Capified that is a well-informed team, we are occupied in rendering Private Financer against property in Jaipur. These services are vastly well-liked among our patrons for their timely completion. Our offered service is accomplished employing the advanced techniques. 

Loan Against Property Lowest Interest Rate

Get the loan against property from Capified at the lowest interest rate that offers a secured loan in Jaipur. This asset can either be an owned land, a house, or any other commercial premises. The asset remains as collateral with the lender until the entire loan against property amount is repaid. 

READ MORE...Cash Against Property Loan Against Property in Delhi Gurgaon Noida- Capified

[exusysdm-blog]

Personal Loan Real time Approval

Dealsofloan offers instant soft approval for Personal Loan which further gets disbursed in 48 hours from our in-house NBFC, multiple banks & other NBFCs. Enjoy the fastest process, door step services, transparent processing, simple & easy documentation and competitive lowest interest rate.

We also provide loans to those who are bachelors living on the shared basis or rented.

A personal loan is purely unsecured, short term cash loan, which means that the individual customer is not required to provide the bank with any security (ex. property, jewels) or any kind of guaranty against the personal loan.

Formally, for any urgent cash requirement, we prefer personal loan. It can be taken for any general purposes like education, reconstruction of property/home renovation, a wedding expense, vacation etc. Most of the finance companies or other banks offer Personal Loan up to Rs. 40 lacs for salaried customers. Normally, it can be repaid over a period of 12 months to 60 months. Some of the banks are funding more than that.

The personal loan amount you are eligible for and the personal loan interest rate for you will depend on factors such as monthly income, customers employment history, residence history and past financial credit history along with the pattern. Banks typically have capped the monthly payment (EMI) on your loan to about approximately 60% – 70% of your monthly take home income. However, a customer cannot take a personal loan for any kind of bad investment or expense which is not approved by the banks or by the law.

[educationtech]

A guide to fundamentals of Technology Entrepreneurship

How to become a technology entrepreneur

Technology entrepreneurship is an investment in a project that gathers experts with assets and combines complex scientific and technological knowledge. These advancements are permitting to tackle the requirements and challenges of entrepreneurship. However, it considers the merger of theoretical knowledge with practice-driven skills. Or in other words, it creates value for the firm.

Technology-based solutions can solve socially-oriented problems and contribute to economic growth.

Fundamentals of technology entrepreneurship

For the success of entrepreneurship in new technology ventures, factors like the creation of new firms, financing and growing a venture are significant.

Purpose of Technology Entrepreneurship is to introduce new ventures or brands by analyzing the potential of technology and putting forward the idea of innovative commercialization.

Identification of commercial prospects and the market opportunity is creating economical and management models of Entrepreneurship & Innovation.

Investment required will need investors to contribute to the enterprise. Venture Capital industry is completely or highly involved with the opportunities brought up by the innovative minds and firms.

Alternative uses of Technology against the popularly used methods by initiating inventions are enhancing efficiency and productivity of the students of Top Engineering Colleges.

New Venture Formation and its legal status, structure and capital distribution are significant for playing its role in Society for its benefit and sustainability in business.

Business plan, strategy, processes, funding, entrepreneurial growth strategies focuses on testing, developing, and growing the understanding of new businesses market. Also, it includes the roadmap for executing the business plan, marketing research, segmentation and positioning, digital marketing, and marketing high-technology products.

Creating and protecting Intellectual Property by copywriting and patenting technologies, developed and processes of the company, the net present value of IP and its future value vs. cost for improvement.

Importance of technology venture for economy

Technology ventures are significant to change the global economic picture. It is increasing the need to acquire the skills required for developing one. However, it includes the dos and don’ts in research on the idea, conceptualizing, developing, commencement and managing successful new Technology-based Enterprise.

Government initiatives have a high potential for employment generation or wealth creation. However, there are more than 120 incubators in India. They support the startups of various sectors like manufacturing, IT, Engineering, Waste Management, Biotechnology, etc.

Conclusion

In conclusion, it is said that there are many angel investors who are affluent individuals. In addition, venture capitalists are providing capital to start-up ventures and small companies. However, they are looking at investing in new technology ideas that are worth fortune. This provides excellent opportunities for today’s engineers to focus on technology entrepreneurship, besides academics.

Thanks for Read our blog, you can check out full blog on official Page Arya College, Arya College is one of the Best Engineering College In Jaipur Rajasthan. In This College Many Branches for Engineering you can make great future with us. Arya College Provides Computer Engineering, Electrical Engineering & Electronics Engineering’s Branch for our Engineering students with top companies placements in campus.

[amritaagarwal]

Rules to Follow While Taking a Loan Against Property in Jaipur

Jaipur is one of the best cities for small businesses. This city is rich in tourism industry because of the number of historical monuments present here. As a quite good number of people from the country and outside the country visits this place every year, many small businesses can be started taking the fact into consideration.

To start a business, there are two things which are essential. The first is a unique idea and the second is enough money in hand. Unfortunately, availing a business loan at this stage is near to impossible. The next way left to avail a big amount to start a business is the Loan Against Property.

If you are a resident of Jaipur and own any kind of property, the option of availing this loan is open to you. A loan against property is always a cheaper way of getting finance then a personal loan or a business loan. But you are to keep in mind that your property documents will be at the custody of the lender which he can sell if you become unable to pay off the loan. So in this kind of loan, the risk to your property should never be overlooked.

 5 Rules to Follow While Taking a Loan Against Property in Jaipur

Borrow According To Your Repayment Capacity

The repayment capacity matters a lot while availing a loan against property in Jaipur. Being unable to pay off the loan can make you lose your property which can be a great hit to your net worth. So one should try to take the loan amount as less as possible.

Keep the Loan Tenure Small

A short tenure of the loan is always more beneficial for the borrower. A short tenure will make your property get back to you sooner. Not only have that, one can save the interest component while opting for a short tenure.

Be Regular In EMIs

Being regular in EMIs is a must for any loan and when it comes to loan against property, one should be more cautious. Neglecting EMI payments will attract penalties as well your credit score is certain to be crushed. In the worst cases, not paying loan EMI for many consecutive months will make the lender sell your property.

Avail Insurance When You Borrow a Larger Amount

If your loan amount is a bigger one and you have opted for a longer tenure, you must buy an insurance on your loan against property. An insurance on loan can become a saviour in the case of death and disability of paying the loan EMIs. A loan insurance can save your property from being sold in such situations.

Read the Terms and Conditions Carefully

The terms and conditions of lenders may vary. One must read all the terms and conditions meticulously before signing the loan document. Being unaware of the terms and conditions of a loan can land you in hot water at any given times.

[muditgoyal-blog]

Rajtech Consultancy & Services (P.) Ltd. v. Commissioner of Central Excise, Jaipur-I *V. PADMANABHAN, TECHNICAL MEMBER AND MS. RACHNA GUPTA, JUDICIAL MEMBER FINAL ORDER NO. 51940 OF 2018 APPEAL NO. ST/3217 OF 2012 MAY 16, 2018 Classification of services (OR) - Section 65(19) of the Finance Act, 1994 - Business auxiliary service - Period 2004-05 and 2005-06 - Assessee acted as an agent of ICICI Prudential Life Insurance Limited and ICICI Housing Finance Limited and for services rendered received commission - Whether services provided by assessee would fall under category of 'Business auxiliary service' - Held, yes [Para 6] [In favour of revenue] FACTS

■ The assessee, during the period 2004-05 and 2005-06, acted as an agent of ICICI Prudential Life Insurance Limited and ICICI Housing Finance Limited and for service rendered received commission. ■ The Adjudicating Authority held that the assessee was liable to pay service tax on the commission received under the category of 'Business auxiliary service'. He, therefore, confirmed the demand of service tax along with interest and also imposed penalties upon the assessee under various sections of the Finance Act, 1994. ■ The Commissioner (Appeals) upheld the impugned order. ■ On second appeal: HELD

■ The dispute in the instant case is with reference to the liability for service tax under 'Business auxiliary service' in respect of the commission earned by the assessee for selling of ICICI Prudential Life Policy as well as loans of ICICI Housing Limited. It is evident from the facts of the case that the service provided by the assessee is not falling within the category of 'Life Insurance Business' but is covered by the definition of 'Business auxiliary service'. Consequently, the plea taken by the assessee that the service tax involved therein has already been paid by the insurance company under reverse charge basis is rejected. [Para 6] ■ Since the activities clearly are falling within the category of 'Business auxiliary service', the service tax demand for the disputed period is required to be upheld. It is also seen that the assessee has failed to file the necessary service tax returns and has suppressed from the department that it was rendering the service during the disputed period. Consequently, there is no reason to interfere with the finding of the lower authorities that the demand can be raised under the extended period of limitation. [Para 7] ■ On the issue of penalties, the recent judgment of the Tribunal in the case of Ramavat Construction Ltd. v. CCE [Final Order Nos. 53206-53207 of 2017, dated 12-5-2017] is applicable to the facts of the instant case, in which it has been held that the penalties under both sections 76 and 78 are liable to be imposed. [Para 8] ■ In view of the aforesaid, the appeal filed by the assessee deserved to be rejected. [Para 9] CASE REVIEW

Ramawat Construction Ltd. v. CCE [Final Order Nos. 53206-53207 of 2017, dated 12-5-2017] (para 8) followed. CASES REFERRED TO

CCE v. Pannu Property Dealers [2010] 29 STT 180 (Punj. & Har.) (para 4) and Ramawat Construction Ltd. v. CCE [Final Order Nos. 53206 - 53207 of 2017, dated 12-5-2017] (para 5). Ms. Surbhi Sinha, Adv. for the Appellant. G.R. Singh, AR for the Respondent. ORDER

V. Padmanabhan, Technical Member - The present appeal is against the Order-in-Appeal No. 145/2012 dated 26-07-2012. 2. The appellant, during the period 2004-05 and 2005-06 acted as an agent of ICICI Prudential Life Insurance Limited and ICICI Housing Finance Limited and for service rendered, received commission. The Revenue was of the view that the commission received will be liable to payment of service tax under the category of 'Business Auxiliary Service' (BAS) during the above period. Accordingly, show cause notice was issued and the demand of service tax amounting to Rs. 2,25,618/- was confirmed alongwith interest and penalties under various sections of the Finance Act, 1994. The impugned order has been challenged before us. 3. With this background, we heard Ms. Surbhi Sinha, ld. Advocate for the appellant and Sh. G. R. Singh, ld. AR for the Revenue. 4. It is the submission of the ld. Advocate that in respect of Insurance business, the person liable for payment of service tax, on reverse charge basis has been specified in Rule 2(1)(d) of the Service ax Rules, 1994 to be the person carrying on Insurance business. Accordingly, appellant claimed that the service tax involved in the service has already been paid by ICICI Prudential Life Insurance Company. Hence, it is submitted that the levy of service tax once again on the appellant is not justified. She further submits that in any case, the penalties under both Sections 76 and 78 is not leviable in view of the decision of the CCE v. Pannu Property Dealers, [2010] 29 STT 180 (Punj. & Har.). 5. Ld. AR appearing for the Revenue countered the arguments and justified the impugned order. He submits that the reverse charge mechanism specified under Rule 2(1)(d) of the Rules is in relating to Insurance business. However, the demand in the present case is relating to the commission received by the appellant in respect of the service rendered to ICICI Prudential Life Insurance Limited and ICICI Housing Finance Limited. Such commission is falling within the category of BAS and he prayed for the service tax to be upheld. He further submitted that the appellant has failed to file relevant ST-3 returns and even after taking the registration under BAS, they have failed to pay the service tax for the disputed period. Ld. AR also submitted that both the penalties are liable to be paid in the disputed period in view of the Tribunal's decision in the case of Ramawat Construction Ltd. v. CCE, [Final Order Nos. 53206 - 53207/2017 dated 12-05-2017]. 6. We have heard both sides and perused the record. The dispute in the present case is with reference to the liability for service tax under BAS, in respect of the commission earn by the appellant for selling of ICICI Prudential Life policy as well as loans of ICICI Housing Limited. It is evident from the facts of the case that the service provided by the appellant is not falling within the category of Insurance Business but is covered by the definition of BAS. Consequently, the plea taken by the appellant that the service tax involved therein has already been paid by the insurance company under reverse charge basis under Rule 2(1)(d) of the Rules is rejected. 7. Since the activities clearly are falling within the category of BAS, we are of the view that the service tax demand for the disputed period is required to be upheld. It is also seen that the appellant has failed to file the necessary service tax returns and have suppressed from the Department, that they were rendering the service during the disputed period. Consequently, we find no reason to interfere with the finding of the lower authorities that the demand can be raised under the extended period of limitation. 8. On the issue of penalties, we have considered the rival submissions and both the sides relied on different case laws. We note that the recent judgment of the Tribunal in the case of Ramawat Construction Co. (supra) is application to the facts of the present case in which it has been held that the penalties under both Sections 76 and 78 are liable to be imposed. 9. By following the above decision, we upheld the impugned order and reject the appeal.

[freshleadprovider]

Importance of Banking Leads

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