https://www.taxtmi.com/caselaws?id=755855 CESTAT Kolkata held that appellant's services rendered abroad for USA company clients qualified as export of services under Rule 3 of Export of Services Rules, 2005, as consideration was received in convertible foreign currency. The tribunal rejected revenue's contention that foreign exchange must be received directly from clients rather than through intermediary. Reimbursements to USA company were not taxable as they constituted cost recovery, not service consideration. Extended limitation period was set aside due to lack of evidence of suppression, noting appellant was registered, filed returns regularly, and held bonafide belief regarding overseas services. Appeal allowed on merits and limitation grounds. en-us Fri, 19 Jul 2024 00:00:00 +0530 Mon, 22 Jul 2024 08:38:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755855 CESTAT Kolkata held that appellant's services rendered abroad for USA company clients qualified as export of services under Rule 3 of Export of Services Rules, 2005, as consideration was received in convertible foreign currency. The tribunal rejected revenue's contention that foreign exchange must be received directly from clients rather than through intermediary. Reimbursements to USA company were not taxable as they constituted cost recovery, not service consideration. Extended limitation period was set aside due to lack of evidence of suppression, noting appellant was registered, filed returns regularly, and held bonafide belief regarding overseas services. Appeal allowed on merits and limitation grounds. Case-Laws Service Tax Fri, 19 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755855