https://www.taxtmi.com/caselaws?id=753697 CESTAT Ahmedabad held that service tax demand under reverse charge mechanism on foreign bank charges was not sustainable. The appellant had no direct contract with the foreign bank and was not the recipient of banking services. The banking activity occurred strictly between foreign and Indian banks, making the Indian bank liable for service tax, which it had already discharged and collected from appellant. The impugned order was set aside and appeal allowed. en-us Wed, 05 Jun 2024 00:00:00 +0530 Sat, 08 Jun 2024 09:04:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753697 CESTAT Ahmedabad held that service tax demand under reverse charge mechanism on foreign bank charges was not sustainable. The appellant had no direct contract with the foreign bank and was not the recipient of banking services. The banking activity occurred strictly between foreign and Indian banks, making the Indian bank liable for service tax, which it had already discharged and collected from appellant. The impugned order was set aside and appeal allowed. Case-Laws Service Tax Wed, 05 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753697