Applicability of service tax

[Ankur Poddar]

Will service tax will be attracted for L/C confirmation charges, charged by a foreign bank. Pls give related section or case laws in support of the reply.

AI Summary

Debate on Service Tax Applicability for L/C Confirmation Charges by Foreign Banks; Potential Import of Services Issue A query was raised regarding the applicability of service tax on L/C confirmation charges imposed by a foreign bank. One response suggested referring to statutory provisions and case laws available on a specific website for detailed information. Another response indicated that such charges might be considered an import of services, where the recipient in India is responsible for paying the service tax, as banking services fall under the third category of import services.