https://www.taxtmi.com/caselaws?id=343843 The Tribunal set aside the service tax demand imposed on the appellant for providing Letter of Credit (L/C) facility to importers, ruling that the service did not fall under Business Auxiliary Service (BAS) as claimed by the Revenue. The appellant's role was limited to offering L/C services and not procuring goods for clients, as importers independently imported goods. The Tribunal emphasized the distinction between providing L/C facility and procuring goods, ultimately concluding that the tax demand was unsustainable. The judgment underscores the significance of accurately assessing services to determine tax liability under relevant categories. en-us Wed, 26 Apr 2017 00:00:00 +0530 Fri, 10 Nov 2017 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343843 The Tribunal set aside the service tax demand imposed on the appellant for providing Letter of Credit (L/C) facility to importers, ruling that the service did not fall under Business Auxiliary Service (BAS) as claimed by the Revenue. The appellant's role was limited to offering L/C services and not procuring goods for clients, as importers independently imported goods. The Tribunal emphasized the distinction between providing L/C facility and procuring goods, ultimately concluding that the tax demand was unsustainable. The judgment underscores the significance of accurately assessing services to determine tax liability under relevant categories. Case-Laws Service Tax Wed, 26 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343843