https://www.taxtmi.com/manuals?id=390 Services provided to the Reserve Bank of India are subject to service tax because they are not in the negative list and, if covered by reverse charge, the Reserve Bank is liable to pay service tax; however, services received from outside India for management of foreign exchange reserves - including external asset management, custodial services and securities lending - are exempt under the specified notification. en-us Sun, 25 Mar 2012 17:42:00 +0530 Mon, 22 Dec 2014 16:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=390 Services provided to the Reserve Bank of India are subject to service tax because they are not in the negative list and, if covered by reverse charge, the Reserve Bank is liable to pay service tax; however, services received from outside India for management of foreign exchange reserves - including external asset management, custodial services and securities lending - are exempt under the specified notification. Manuals Service Tax Sun, 25 Mar 2012 17:42:00 +0530 https://www.taxtmi.com/manuals?id=390