https://www.taxtmi.com/forum/issue?id=3936 Service Tax under the reverse charge mechanism applies to Banking and other financial services and is payable on bank charges (remittance amounts) with applicable interest from the effective date of 16.05.2008; availing input credit was used to address the liability but does not negate the obligation to pay tax and interest from that date. en-us Thu, 22 Mar 2012 12:58:51 +0530 Thu, 23 Jan 2025 15:58:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3936 Service Tax under the reverse charge mechanism applies to Banking and other financial services and is payable on bank charges (remittance amounts) with applicable interest from the effective date of 16.05.2008; availing input credit was used to address the liability but does not negate the obligation to pay tax and interest from that date. Discussion-Forum Service Tax Thu, 22 Mar 2012 12:58:51 +0530 https://www.taxtmi.com/forum/issue?id=3936