https://www.taxtmi.com/caselaws?id=757633 Consultancy-oriented services involving advisory support, due diligence, mergers and acquisitions assistance, financial viability studies and diagnostic reviews were held to fall under management or business consultant services rather than chartered accountant services or market research agency services, because the provider was an incorporated company and market analysis was only incidental. The services were treated as export of service under the Export of Service Rules, 2005 since the contractual counterparty was overseas, the reports were delivered and used abroad, and consideration was received in convertible foreign exchange. In the absence of fraud, suppression or wilful misstatement, the extended limitation period could not be invoked on a mere classification dispute, so the demand, interest and penalty were not sustained. en-us Wed, 28 Aug 2024 00:00:00 +0530 Wed, 28 Aug 2024 16:25:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757633 Consultancy-oriented services involving advisory support, due diligence, mergers and acquisitions assistance, financial viability studies and diagnostic reviews were held to fall under management or business consultant services rather than chartered accountant services or market research agency services, because the provider was an incorporated company and market analysis was only incidental. The services were treated as export of service under the Export of Service Rules, 2005 since the contractual counterparty was overseas, the reports were delivered and used abroad, and consideration was received in convertible foreign exchange. In the absence of fraud, suppression or wilful misstatement, the extended limitation period could not be invoked on a mere classification dispute, so the demand, interest and penalty were not sustained. Case-Laws Service Tax Wed, 28 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757633