https://www.taxtmi.com/caselaws?id=363224 The Tribunal set aside penalties imposed on the appellants for non-payment of service tax on Nostro and Vostro accounts and SWIFT charges. The Tribunal upheld the service tax demand and interest but revoked the penalties, citing the interpretational nature of the issue and lack of evidence of deliberate evasion. The decision aligned with previous case law and historical settlements under the reverse charge mechanism, granting the appellants consequential reliefs while emphasizing the absence of intentional tax avoidance. en-us Tue, 15 May 2018 00:00:00 +0530 Mon, 09 Jul 2018 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363224 The Tribunal set aside penalties imposed on the appellants for non-payment of service tax on Nostro and Vostro accounts and SWIFT charges. The Tribunal upheld the service tax demand and interest but revoked the penalties, citing the interpretational nature of the issue and lack of evidence of deliberate evasion. The decision aligned with previous case law and historical settlements under the reverse charge mechanism, granting the appellants consequential reliefs while emphasizing the absence of intentional tax avoidance. Case-Laws Service Tax Tue, 15 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363224