https://www.taxtmi.com/caselaws?id=396244 The Tribunal ruled in favor of the appellant, setting aside the demand for service tax under the reverse charge mechanism. It held that the transaction constituted a transfer of right to use goods, not a declared service, based on the clauses of the charter agreement. The Tribunal also found the demand barred by limitation due to the revenue-neutral nature of the situation, where the appellant would have been eligible for credit if the tax was paid. The appeal was allowed with consequential relief, if any, as per law. en-us Wed, 24 Jun 2020 00:00:00 +0530 Sat, 29 May 2021 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396244 The Tribunal ruled in favor of the appellant, setting aside the demand for service tax under the reverse charge mechanism. It held that the transaction constituted a transfer of right to use goods, not a declared service, based on the clauses of the charter agreement. The Tribunal also found the demand barred by limitation due to the revenue-neutral nature of the situation, where the appellant would have been eligible for credit if the tax was paid. The appeal was allowed with consequential relief, if any, as per law. Case-Laws Service Tax Wed, 24 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396244