https://www.taxtmi.com/caselaws?id=301248 CESTAT (Ahmedabad) allowed the appeal. It held the service tax demand under reverse charge for banking/financial services (ECB-related fees and insurer premium recovered from the borrower) was not sustainable on the facts: the borrower had disclosed returns, there was no suppression or mala fide conduct so extended limitation could not be invoked, and the Revenue failed to rebut the appellant's revenue-neutrality submissions. Consequently the demand, and the consequential interest and equal penalty, were set aside. The matter was decided in favor of the appellant. en-us Thu, 17 Mar 2022 00:00:00 +0530 Wed, 29 Oct 2025 09:52:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301248 CESTAT (Ahmedabad) allowed the appeal. It held the service tax demand under reverse charge for banking/financial services (ECB-related fees and insurer premium recovered from the borrower) was not sustainable on the facts: the borrower had disclosed returns, there was no suppression or mala fide conduct so extended limitation could not be invoked, and the Revenue failed to rebut the appellant's revenue-neutrality submissions. Consequently the demand, and the consequential interest and equal penalty, were set aside. The matter was decided in favor of the appellant. Case-Laws Service Tax Thu, 17 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301248