https://www.taxtmi.com/caselaws?id=418157 The tribunal ruled in favor of the appellants, a Non-Banking Financial Company, in a case involving service tax liabilities. The tribunal held that interest charged above 18% per annum on gold loans is not subject to service tax. Token and postage charges were deemed reimbursable expenses not taxable. However, the service provided as a sub-representative for money transfers was taxable as it did not qualify as an export of service. The tribunal also found that the Notification exempting certain money transfer services did not apply. The matter of service tax on travel agency commissions was remanded for verification, and all penalties were set aside. en-us Tue, 01 Feb 2022 00:00:00 +0530 Mon, 27 Feb 2023 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418157 The tribunal ruled in favor of the appellants, a Non-Banking Financial Company, in a case involving service tax liabilities. The tribunal held that interest charged above 18% per annum on gold loans is not subject to service tax. Token and postage charges were deemed reimbursable expenses not taxable. However, the service provided as a sub-representative for money transfers was taxable as it did not qualify as an export of service. The tribunal also found that the Notification exempting certain money transfer services did not apply. The matter of service tax on travel agency commissions was remanded for verification, and all penalties were set aside. Case-Laws Service Tax Tue, 01 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418157