https://www.taxtmi.com/caselaws?id=362715 The Tribunal found in favor of the appellants, ruling that the proceedings were hit by limitation. The appellants were not liable to pay service tax on upfront fees for facilitating External Commercial Borrowings under the reverse charge mechanism. The penalties imposed were set aside, emphasizing that the demand for tax liability was invalid due to limitation constraints. The Tribunal concluded that the appellants had not suppressed information or evaded tax, as they paid the disputed tax liability before the show cause notice. Consequently, the appeal was allowed based on the limitation issue. en-us Mon, 25 Jun 2018 00:00:00 +0530 Mon, 02 Jul 2018 11:02:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362715 The Tribunal found in favor of the appellants, ruling that the proceedings were hit by limitation. The appellants were not liable to pay service tax on upfront fees for facilitating External Commercial Borrowings under the reverse charge mechanism. The penalties imposed were set aside, emphasizing that the demand for tax liability was invalid due to limitation constraints. The Tribunal concluded that the appellants had not suppressed information or evaded tax, as they paid the disputed tax liability before the show cause notice. Consequently, the appeal was allowed based on the limitation issue. Case-Laws Service Tax Mon, 25 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362715