https://www.taxtmi.com/caselaws?id=761026 CESTAT Chennai held that service tax demand on commission paid to overseas agents under reverse charge mechanism was not sustainable. The appellants, being manufacturer-exporters, were entitled to Cenvat credit for any service tax payable and could claim refund under Notification 41/2007. Following precedent in Texyard International case and SC ruling in Coca Cola case, the tribunal found the situation revenue-neutral since appellants had no other liability to offset the credit, making the demand unsustainable. en-us Tue, 29 Oct 2024 00:00:00 +0530 Wed, 30 Oct 2024 15:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761026 CESTAT Chennai held that service tax demand on commission paid to overseas agents under reverse charge mechanism was not sustainable. The appellants, being manufacturer-exporters, were entitled to Cenvat credit for any service tax payable and could claim refund under Notification 41/2007. Following precedent in Texyard International case and SC ruling in Coca Cola case, the tribunal found the situation revenue-neutral since appellants had no other liability to offset the credit, making the demand unsustainable. Case-Laws Service Tax Tue, 29 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761026