https://www.taxtmi.com/caselaws?id=263041 The Tribunal upheld the taxability of underwriting services provided by foreign underwriters located outside India under the reverse charge mechanism, rejecting the appellant's argument that services meant for overseas entities were not taxable in India. The Tribunal clarified that registration with SEBI was not mandatory for taxing the service, emphasizing that the provision of taxable services by a party outside India to a recipient in India is sufficient for taxability under Section 66A of the Finance Act, 1994. The Tribunal also upheld the invocation of the extended period for issuing show cause notices, directing the appellants to deposit a specified amount within a deadline. en-us Fri, 29 May 2015 00:00:00 +0530 Tue, 17 May 2016 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263041 The Tribunal upheld the taxability of underwriting services provided by foreign underwriters located outside India under the reverse charge mechanism, rejecting the appellant's argument that services meant for overseas entities were not taxable in India. The Tribunal clarified that registration with SEBI was not mandatory for taxing the service, emphasizing that the provision of taxable services by a party outside India to a recipient in India is sufficient for taxability under Section 66A of the Finance Act, 1994. The Tribunal also upheld the invocation of the extended period for issuing show cause notices, directing the appellants to deposit a specified amount within a deadline. Case-Laws Service Tax Fri, 29 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263041