https://www.taxtmi.com/caselaws?id=289687 A bank acting as an agent of the Reserve Bank of India for Government transactions under the statutory framework was treated as covered by the exemption in Notification No. 22/2006-Service Tax. The Tribunal accepted that the exemption available to the Reserve Bank of India could not be denied merely because the taxable services were performed through an authorised agent, and treated the activity as part of the sovereign function of transacting Government business. On that basis, the service tax demand on the agency commission was held unsustainable, and the demand and penalties were set aside to the extent covered by the exemption. en-us Fri, 09 Aug 2019 00:00:00 +0530 Fri, 14 Aug 2020 09:23:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289687 A bank acting as an agent of the Reserve Bank of India for Government transactions under the statutory framework was treated as covered by the exemption in Notification No. 22/2006-Service Tax. The Tribunal accepted that the exemption available to the Reserve Bank of India could not be denied merely because the taxable services were performed through an authorised agent, and treated the activity as part of the sovereign function of transacting Government business. On that basis, the service tax demand on the agency commission was held unsustainable, and the demand and penalties were set aside to the extent covered by the exemption. Case-Laws Service Tax Fri, 09 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289687