https://www.taxtmi.com/caselaws?id=377587 The Tribunal determined that the services provided by the foreign entities were classified as "underwriting services" rather than "Banking and other Financial Services." Therefore, the amount paid was not subject to service tax under the reverse charge mechanism. Additionally, the Tribunal found that the extended period of limitation could not be invoked as there was no suppression of facts. The Revenue's appeal was dismissed, and the original decision was upheld. en-us Wed, 27 Mar 2019 00:00:00 +0530 Mon, 26 Aug 2019 17:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377587 The Tribunal determined that the services provided by the foreign entities were classified as "underwriting services" rather than "Banking and other Financial Services." Therefore, the amount paid was not subject to service tax under the reverse charge mechanism. Additionally, the Tribunal found that the extended period of limitation could not be invoked as there was no suppression of facts. The Revenue's appeal was dismissed, and the original decision was upheld. Case-Laws Service Tax Wed, 27 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377587