https://www.taxtmi.com/caselaws?id=460549 Reverse charge liability for banking and financial services provided by foreign banks turns on whether the Indian bank is the recipient of those services. CESTAT found that the Indian bank was not the recipient and therefore had no service tax liability under the reverse charge mechanism. The Supreme Court admitted the appeal, leaving the issue, including the applicability of the extended limitation period, to be examined further. en-us Tue, 07 Nov 2023 00:00:00 +0530 Fri, 31 Jan 2025 13:30:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460549 Reverse charge liability for banking and financial services provided by foreign banks turns on whether the Indian bank is the recipient of those services. CESTAT found that the Indian bank was not the recipient and therefore had no service tax liability under the reverse charge mechanism. The Supreme Court admitted the appeal, leaving the issue, including the applicability of the extended limitation period, to be examined further. Case-Laws Service Tax Tue, 07 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460549