https://www.taxtmi.com/caselaws?id=460744 CESTAT Mumbai-AT allowed the appeal regarding non-payment of service tax on non-binding investment advisory services provided to overseas group companies. The Tribunal held that services qualified as export of service under Rule 3(2)(a) of Export of Service Rules, 2005, as payment was received in convertible foreign exchange and benefit accrued to overseas entities, falling under Category-III services. Following precedent in Arcelor Mittal case, services with benefits accruing outside India qualify as export of service. Additionally, CENVAT credit was allowed on disputed input services including rent-a-cab, outdoor catering, and air travel agent services, as these were utilized for business purposes and output service provision. The adjudicated demands were set aside. en-us Tue, 09 Jan 2024 00:00:00 +0530 Fri, 14 Feb 2025 19:05:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460744 CESTAT Mumbai-AT allowed the appeal regarding non-payment of service tax on non-binding investment advisory services provided to overseas group companies. The Tribunal held that services qualified as export of service under Rule 3(2)(a) of Export of Service Rules, 2005, as payment was received in convertible foreign exchange and benefit accrued to overseas entities, falling under Category-III services. Following precedent in Arcelor Mittal case, services with benefits accruing outside India qualify as export of service. Additionally, CENVAT credit was allowed on disputed input services including rent-a-cab, outdoor catering, and air travel agent services, as these were utilized for business purposes and output service provision. The adjudicated demands were set aside. Case-Laws Service Tax Tue, 09 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460744