https://www.taxtmi.com/caselaws?id=253186 The Tribunal ruled in favor of the appellant, absolving them of the liability for service tax under the Banking and Finance Institution service category. It was determined that the appellant was neither the service provider nor the service recipient in the transaction between BNP Paribas and COFACE, France, thereby not subject to service tax under the Reverse charge mechanism. The Tribunal also set aside the demand invoking the extended period of limitation, highlighting that the appellant had valid reasons for not paying the service tax, ultimately allowing the appeal and providing consequential relief. en-us Thu, 18 Sep 2014 00:00:00 +0530 Wed, 01 Jul 2015 15:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253186 The Tribunal ruled in favor of the appellant, absolving them of the liability for service tax under the Banking and Finance Institution service category. It was determined that the appellant was neither the service provider nor the service recipient in the transaction between BNP Paribas and COFACE, France, thereby not subject to service tax under the Reverse charge mechanism. The Tribunal also set aside the demand invoking the extended period of limitation, highlighting that the appellant had valid reasons for not paying the service tax, ultimately allowing the appeal and providing consequential relief. Case-Laws Service Tax Thu, 18 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253186