https://www.taxtmi.com/caselaws?id=387208 The Tribunal ruled in favor of the appellant, a bank acting as an agent of the Reserve Bank of India for government transactions, in an appeal against the demand of interest under Section 11AA of the Central Excise Act. The Tribunal set aside the interest demand, emphasizing that the appellant was not liable for Service Tax on government business, as per RBI directions. Compliance with RBI's instructions to pay Service Tax before reimbursement and under Section 73A was highlighted. The decision was based on legal precedents and the appellant's non-liability for Service Tax, ultimately allowing the appeal and dismissing the interest demand. en-us Thu, 17 Oct 2019 00:00:00 +0530 Fri, 18 Oct 2019 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387208 The Tribunal ruled in favor of the appellant, a bank acting as an agent of the Reserve Bank of India for government transactions, in an appeal against the demand of interest under Section 11AA of the Central Excise Act. The Tribunal set aside the interest demand, emphasizing that the appellant was not liable for Service Tax on government business, as per RBI directions. Compliance with RBI's instructions to pay Service Tax before reimbursement and under Section 73A was highlighted. The decision was based on legal precedents and the appellant's non-liability for Service Tax, ultimately allowing the appeal and dismissing the interest demand. Case-Laws Service Tax Thu, 17 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387208