https://www.taxtmi.com/caselaws?id=354477 Underwriting services received from foreign entities were held taxable in India on reverse charge basis only where, under section 66A read with the 2006 Rules, the services were performed wholly or partly in India. Applying Rule 3(ii), the services linked to an overseas ADS offering were found not to have been performed in India at all, so they fell outside the charging ambit for reverse charge taxability. The demand and penalties were therefore unsustainable, and the impugned order was set aside with consequential relief. en-us Mon, 25 Sep 2017 00:00:00 +0530 Tue, 30 Jan 2018 08:51:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354477 Underwriting services received from foreign entities were held taxable in India on reverse charge basis only where, under section 66A read with the 2006 Rules, the services were performed wholly or partly in India. Applying Rule 3(ii), the services linked to an overseas ADS offering were found not to have been performed in India at all, so they fell outside the charging ambit for reverse charge taxability. The demand and penalties were therefore unsustainable, and the impugned order was set aside with consequential relief. Case-Laws Service Tax Mon, 25 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354477