https://www.taxtmi.com/forum/issue?id=5226 Service tax is chargeable on processing fees paid by an Indian company to a foreign bank branch under the Place of Provision of Services rules because the fee is not covered by the negative list. The tax liability arises on the recipient under the Reverse Charge Mechanism, and the recipient may discharge the liability and claim CENVAT credit, with payment evidence such as the GAR-7 challan supporting credit eligibility. en-us Thu, 24 Jan 2013 09:42:17 +0530 Thu, 23 Jan 2025 15:57:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=5226 Service tax is chargeable on processing fees paid by an Indian company to a foreign bank branch under the Place of Provision of Services rules because the fee is not covered by the negative list. The tax liability arises on the recipient under the Reverse Charge Mechanism, and the recipient may discharge the liability and claim CENVAT credit, with payment evidence such as the GAR-7 challan supporting credit eligibility. Discussion-Forum Service Tax Thu, 24 Jan 2013 09:42:17 +0530 https://www.taxtmi.com/forum/issue?id=5226