https://www.taxtmi.com/caselaws?id=442170 The Tribunal set aside the order demanding service tax under 'Banking and Other Financial Services' for the period from 1.4.2007 to 31.5.2012. The appellant, a manufacturer of textile products, argued that the amount deducted by foreign banks towards banking charges should not be taxable as no services were received in India. The Tribunal held that since the appellant was not directly dealing with the foreign banks and the service was rendered to the Indian bank, it was not subject to service tax. The appeal was allowed, and the tax demand was dismissed. en-us Thu, 24 Aug 2023 00:00:00 +0530 Sat, 26 Aug 2023 08:21:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442170 The Tribunal set aside the order demanding service tax under 'Banking and Other Financial Services' for the period from 1.4.2007 to 31.5.2012. The appellant, a manufacturer of textile products, argued that the amount deducted by foreign banks towards banking charges should not be taxable as no services were received in India. The Tribunal held that since the appellant was not directly dealing with the foreign banks and the service was rendered to the Indian bank, it was not subject to service tax. The appeal was allowed, and the tax demand was dismissed. Case-Laws Service Tax Thu, 24 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442170