https://www.taxtmi.com/caselaws?id=765529 CESTAT Chennai held that appellant was not liable for service tax under reverse charge mechanism on payment processing services allegedly received from foreign banks. The Tribunal found no direct service provider-recipient relationship existed, as foreign banks merely deducted charges during remittance as part of trade arrangements. Following precedent in AKR Textile case, the Tribunal ruled that services performed outside taxable territory by foreign intermediaries do not attract service tax liability on Indian exporters. Appeal allowed, demand set aside. en-us Fri, 31 Jan 2025 00:00:00 +0530 Mon, 03 Feb 2025 08:13:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765529 CESTAT Chennai held that appellant was not liable for service tax under reverse charge mechanism on payment processing services allegedly received from foreign banks. The Tribunal found no direct service provider-recipient relationship existed, as foreign banks merely deducted charges during remittance as part of trade arrangements. Following precedent in AKR Textile case, the Tribunal ruled that services performed outside taxable territory by foreign intermediaries do not attract service tax liability on Indian exporters. Appeal allowed, demand set aside. Case-Laws Service Tax Fri, 31 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765529