https://www.taxtmi.com/caselaws?id=365707 The Tribunal held that the appellant, an Indian company, was not liable for service tax under Reverse Charge Mechanism on payments made to Foreign Banks through Indian Banks for various charges. The Tribunal determined that Indian Banks were the service recipients, absolving the appellant of tax liability. The case was remanded for verification of any direct payments to Foreign Banks. This decision clarified the interpretation of Circulars and previous judgments, establishing the role of Indian Banks in such transactions and guiding future assessments of service tax liability. en-us Fri, 17 Aug 2018 00:00:00 +0530 Wed, 22 Aug 2018 08:05:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365707 The Tribunal held that the appellant, an Indian company, was not liable for service tax under Reverse Charge Mechanism on payments made to Foreign Banks through Indian Banks for various charges. The Tribunal determined that Indian Banks were the service recipients, absolving the appellant of tax liability. The case was remanded for verification of any direct payments to Foreign Banks. This decision clarified the interpretation of Circulars and previous judgments, establishing the role of Indian Banks in such transactions and guiding future assessments of service tax liability. Case-Laws Service Tax Fri, 17 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365707