Appellant Liable for Service Tax on Foreign Bank Guarantees Under Reverse Charge Mechanism.

Appellant Liable for Service Tax on Foreign Bank Guarantees Under Reverse Charge Mechanism. https://www.taxtmi.com/highlights?id=49092 RCM - payment of guarantee fee towards receipt of Bank Guarantees - These are not the guarantees provided by a corporation for it’s subsidiaries but are pure bank guarantees provided through banks by the service providers - the appellant received banking and financial services from abroad and is liable to discharge service tax under reverse charge mechanism. en-us Wed, 04 Sep 2019 07:14:10 +0530 Wed, 04 Sep 2019 07:14:10 +0530 TaxTMI RSS Generator Appellant Liable for Service Tax on Foreign Bank Guarantees Under Reverse Charge Mechanism. https://www.taxtmi.com/highlights?id=49092 RCM - payment of guarantee fee towards receipt of Bank Guarantees - These are not the guarantees provided by a corporation for it’s subsidiaries but are pure bank guarantees provided through banks by the service providers - the appellant received banking and financial services from abroad and is liable to discharge service tax under reverse charge mechanism. Highlights Service Tax Wed, 04 Sep 2019 07:14:10 +0530 https://www.taxtmi.com/highlights?id=49092