https://www.taxtmi.com/caselaws?id=460278 The tribunal allowed the appeal, ruling that the show-cause notice regarding service tax liability on foreign exchange transactions was invalid. It determined that the appellant was not liable under Rule 6(7B) of the Service Tax Rules, 1994, as the provision is optional and the appellant's invoicing practices complied with statutory requirements. Additionally, the tribunal set aside the penalty imposed under Section 78, finding no evidence of suppression or mis-declaration. The appellant was entitled to a refund of the 50% service tax deposit made during the proceedings. en-us Mon, 28 Apr 2014 00:00:00 +0530 Fri, 17 Jan 2025 20:05:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460278 The tribunal allowed the appeal, ruling that the show-cause notice regarding service tax liability on foreign exchange transactions was invalid. It determined that the appellant was not liable under Rule 6(7B) of the Service Tax Rules, 1994, as the provision is optional and the appellant's invoicing practices complied with statutory requirements. Additionally, the tribunal set aside the penalty imposed under Section 78, finding no evidence of suppression or mis-declaration. The appellant was entitled to a refund of the 50% service tax deposit made during the proceedings. Case-Laws Service Tax Mon, 28 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460278