https://www.taxtmi.com/caselaws?id=340440 The Tribunal ruled in favor of the appellant regarding service tax liabilities on advisory fees paid to a bank and insurance premiums paid as part of a loan. It held that as the bank had a representative office in India, no service tax liability arose for the appellant. Additionally, it determined that the appellant was neither a service provider nor recipient in connection with the insurance taken by the lender, leading to the conclusion that there was no taxable consideration. The Tribunal set aside the service tax liabilities and penalties imposed, deeming them unjustifiable, and partially allowed the appeal. en-us Fri, 17 Mar 2017 00:00:00 +0530 Fri, 10 Nov 2017 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340440 The Tribunal ruled in favor of the appellant regarding service tax liabilities on advisory fees paid to a bank and insurance premiums paid as part of a loan. It held that as the bank had a representative office in India, no service tax liability arose for the appellant. Additionally, it determined that the appellant was neither a service provider nor recipient in connection with the insurance taken by the lender, leading to the conclusion that there was no taxable consideration. The Tribunal set aside the service tax liabilities and penalties imposed, deeming them unjustifiable, and partially allowed the appeal. Case-Laws Service Tax Fri, 17 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340440