https://www.taxtmi.com/caselaws?id=365227 The Appellate Tribunal CESTAT BANGALORE ruled in favor of the appellants, a banking company, in a case concerning the taxation of agency commission received while acting as agents for the Reserve Bank of India (RBI). The Tribunal held that the appellants, performing duties on behalf of RBI in the discharge of sovereign functions, were entitled to the same exemptions as the principal, RBI. As RBI itself was exempt from Service Tax, the Tribunal concluded that the services provided by the appellants were also exempt. The impugned order was set aside, and the appeal was allowed with any consequential relief. en-us Thu, 02 Aug 2018 00:00:00 +0530 Mon, 13 Aug 2018 06:10:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365227 The Appellate Tribunal CESTAT BANGALORE ruled in favor of the appellants, a banking company, in a case concerning the taxation of agency commission received while acting as agents for the Reserve Bank of India (RBI). The Tribunal held that the appellants, performing duties on behalf of RBI in the discharge of sovereign functions, were entitled to the same exemptions as the principal, RBI. As RBI itself was exempt from Service Tax, the Tribunal concluded that the services provided by the appellants were also exempt. The impugned order was set aside, and the appeal was allowed with any consequential relief. Case-Laws Service Tax Thu, 02 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365227