Functional comparability governs selection of support-service and IT-enabled service comparables, with verification required for unresolved data and m...
Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
The CESTAT held that the appellant bank merely acted on behalf of the Indian exporter and facilitated the service. The appellant bank would not be liable to pay service tax under the reverse charge mechanism on 'foreign bank charges' paid to the foreign correspondent bank. The appeal of the revenue was dismissed.
The CESTAT held that the appellant bank merely acted on behalf of the Indian exporter and facilitated the service. The appellant bank would not be liable to pay service tax under the reverse charge mechanism on 'foreign bank charges' paid to the foreign correspondent bank. The appeal of the revenue was dismissed.
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