https://www.taxtmi.com/highlights?id=77252 Levy of service tax on services received from foreign bank - The Tribunal determined that the appellant was not receiving any direct services from the foreign banks that warranted taxation. The banks provided services to other banks within India, which then interacted with the appellant. Any fees deducted by foreign banks were seen as inter-bank transactions, not services provided to the appellant. The Tribunal set aside the impugned orders and allowed the appeals of the appellant. en-us Thu, 09 May 2024 08:31:50 +0530 Thu, 09 May 2024 08:31:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=77252 Levy of service tax on services received from foreign bank - The Tribunal determined that the appellant was not receiving any direct services from the foreign banks that warranted taxation. The banks provided services to other banks within India, which then interacted with the appellant. Any fees deducted by foreign banks were seen as inter-bank transactions, not services provided to the appellant. The Tribunal set aside the impugned orders and allowed the appeals of the appellant. Highlights Service Tax Thu, 09 May 2024 08:31:50 +0530 https://www.taxtmi.com/highlights?id=77252