https://www.taxtmi.com/caselaws?id=272498 A bank acting as an authorised agent of the Reserve Bank of India for Government business performs a sovereign function on behalf of the Government. On that basis, commission earned for such transactions is not exigible to service tax. The tribunal therefore held that the demand was unsustainable and that the appellant bank was not liable to service tax on the impugned activities. en-us Fri, 24 Feb 2017 00:00:00 +0530 Wed, 27 Jun 2018 15:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272498 A bank acting as an authorised agent of the Reserve Bank of India for Government business performs a sovereign function on behalf of the Government. On that basis, commission earned for such transactions is not exigible to service tax. The tribunal therefore held that the demand was unsustainable and that the appellant bank was not liable to service tax on the impugned activities. Case-Laws Service Tax Fri, 24 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272498