https://www.taxtmi.com/caselaws?id=448932 CESTAT Chennai ruled that banking charges deducted by foreign banks do not constitute taxable services under Section 65(105)(zm) of Finance Act, 1994. Following precedent in M/s. Kadri Mills case, the Tribunal held that for services to be taxable under Rule 3(iii) of Taxation of Services Rules, 2006, they must be received in India. Since no services were received in India in this case, service tax demand was invalid. The impugned order was set aside and appeal was allowed. en-us Wed, 24 Jan 2024 00:00:00 +0530 Thu, 01 Feb 2024 16:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448932 CESTAT Chennai ruled that banking charges deducted by foreign banks do not constitute taxable services under Section 65(105)(zm) of Finance Act, 1994. Following precedent in M/s. Kadri Mills case, the Tribunal held that for services to be taxable under Rule 3(iii) of Taxation of Services Rules, 2006, they must be received in India. Since no services were received in India in this case, service tax demand was invalid. The impugned order was set aside and appeal was allowed. Case-Laws Service Tax Wed, 24 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448932