https://www.taxtmi.com/caselaws?id=448054 The CESTAT Kolkata held that appellants providing maintenance and repair services to Nepal clients failed to receive payment in convertible foreign exchange, making them liable for service tax despite treating transactions as exports. The tribunal found appellants had bonafide belief that no service tax was payable, having declared all transactions in returns and fulfilled service conditions in Nepal. Consequently, the extended period demand was set aside due to absence of suppression intent, but normal period liability remained. All penalties were waived given interpretational difficulties and bonafide belief. Appeal was allowed in part. en-us Tue, 09 Jan 2024 00:00:00 +0530 Thu, 11 Jan 2024 13:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448054 The CESTAT Kolkata held that appellants providing maintenance and repair services to Nepal clients failed to receive payment in convertible foreign exchange, making them liable for service tax despite treating transactions as exports. The tribunal found appellants had bonafide belief that no service tax was payable, having declared all transactions in returns and fulfilled service conditions in Nepal. Consequently, the extended period demand was set aside due to absence of suppression intent, but normal period liability remained. All penalties were waived given interpretational difficulties and bonafide belief. Appeal was allowed in part. Case-Laws Service Tax Tue, 09 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448054