https://www.taxtmi.com/circulars?id=54008 Foreign banks' commissions and processing charges for forwarding import/export documents and realisation of proceeds are services provided to the Indian bank that corresponds with the foreign bank; the Indian bank, being the recipient under the implied contractual regime created by international banking rules, is liable to discharge service tax under the reverse charge/recipient liability mechanism and must comply, including for past periods. en-us Mon, 10 Feb 2014 00:00:00 +0530 Thu, 05 Nov 2015 17:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54008 Foreign banks' commissions and processing charges for forwarding import/export documents and realisation of proceeds are services provided to the Indian bank that corresponds with the foreign bank; the Indian bank, being the recipient under the implied contractual regime created by international banking rules, is liable to discharge service tax under the reverse charge/recipient liability mechanism and must comply, including for past periods. Circulars Service Tax Mon, 10 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54008