https://www.taxtmi.com/caselaws?id=444522 Banks performing government business as statutory agents of the Reserve Bank of India under the Reserve Bank of India Act are treated as acting for the principal. The service-tax exemption for taxable services provided to or by the Reserve Bank of India extends to its statutory agent when carrying out covered government functions. Accordingly, commission for receiving government taxes and making pension payments is not liable to service tax, as these functions are statutory and sovereign in nature; consequential tax demand, interest and penalties do not survive. en-us Fri, 13 Oct 2023 00:00:00 +0530 Mon, 16 Oct 2023 14:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444522 Banks performing government business as statutory agents of the Reserve Bank of India under the Reserve Bank of India Act are treated as acting for the principal. The service-tax exemption for taxable services provided to or by the Reserve Bank of India extends to its statutory agent when carrying out covered government functions. Accordingly, commission for receiving government taxes and making pension payments is not liable to service tax, as these functions are statutory and sovereign in nature; consequential tax demand, interest and penalties do not survive. Case-Laws Service Tax Fri, 13 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444522