https://www.taxtmi.com/caselaws?id=441269 The Tribunal found that the appellant was not liable to pay service tax on bank charges deducted by foreign banks. It determined that the foreign bank was the service provider and the Indian bank was the service recipient responsible for the service tax under the reverse charge mechanism. The appellant's liability was negated as they only received services from the Indian bank, making the Indian bank liable for the service tax. The Tribunal set aside the demand, remanding the matter for quantification verification and determining any direct payment liabilities to foreign banks. The impugned orders were overturned, and the appeal was allowed. en-us Thu, 03 Aug 2023 00:00:00 +0530 Fri, 04 Aug 2023 10:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441269 The Tribunal found that the appellant was not liable to pay service tax on bank charges deducted by foreign banks. It determined that the foreign bank was the service provider and the Indian bank was the service recipient responsible for the service tax under the reverse charge mechanism. The appellant's liability was negated as they only received services from the Indian bank, making the Indian bank liable for the service tax. The Tribunal set aside the demand, remanding the matter for quantification verification and determining any direct payment liabilities to foreign banks. The impugned orders were overturned, and the appeal was allowed. Case-Laws Service Tax Thu, 03 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441269