https://www.taxtmi.com/caselaws?id=752364 CESTAT Chennai held that appellant did not receive taxable payment processing services from M/s Amsco or foreign banks. The Tribunal found no service provider-recipient relationship between appellant and M/s Amsco, as contracts existed only between foreign buyer and M/s Amsco. The 3% deduction was deemed a trade discount, not service consideration. Foreign bank remittance services to Indian banks are not liable to service tax at exporter's hands. Extended period of limitation was rejected due to absence of intent to evade tax, with transactions being revenue neutral for the exporter. Appeals allowed, impugned orders set aside. en-us Wed, 08 May 2024 00:00:00 +0530 Wed, 08 May 2024 15:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752364 CESTAT Chennai held that appellant did not receive taxable payment processing services from M/s Amsco or foreign banks. The Tribunal found no service provider-recipient relationship between appellant and M/s Amsco, as contracts existed only between foreign buyer and M/s Amsco. The 3% deduction was deemed a trade discount, not service consideration. Foreign bank remittance services to Indian banks are not liable to service tax at exporter's hands. Extended period of limitation was rejected due to absence of intent to evade tax, with transactions being revenue neutral for the exporter. Appeals allowed, impugned orders set aside. Case-Laws Service Tax Wed, 08 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752364