https://www.taxtmi.com/caselaws?id=369820 Commission earned by banks acting as agents of the Reserve Bank of India for Government business was treated as covered by Notification No. 22/2006-ST. The exemption was read to apply to taxable services provided to the Reserve Bank of India, including agency functions for collection of taxes and payment of pension, as recognised in the larger Bench view followed in later decisions. On that basis, such commission was held not liable to service tax, and the demand of tax, interest and penalties could not be sustained. en-us Mon, 20 Aug 2018 00:00:00 +0530 Sat, 03 Nov 2018 13:33:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369820 Commission earned by banks acting as agents of the Reserve Bank of India for Government business was treated as covered by Notification No. 22/2006-ST. The exemption was read to apply to taxable services provided to the Reserve Bank of India, including agency functions for collection of taxes and payment of pension, as recognised in the larger Bench view followed in later decisions. On that basis, such commission was held not liable to service tax, and the demand of tax, interest and penalties could not be sustained. Case-Laws Service Tax Mon, 20 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369820