https://www.taxtmi.com/caselaws?id=776746 CESTAT MUMBAI held that Indian banks are not liable to pay service tax under the Reverse Charge Mechanism for foreign bank charges arising from export transactions where the bank effects transfer/exchange of documents and money on behalf of clients. Relying on co-ordinate tribunal decisions, it found the confirmation of service tax demands, interest and penalties untenable. The adjudged demands and penalty in the impugned order dated 28.02.2017 were set aside and the appeal was allowed. en-us Thu, 14 Aug 2025 00:00:00 +0530 Tue, 19 Aug 2025 08:38:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776746 CESTAT MUMBAI held that Indian banks are not liable to pay service tax under the Reverse Charge Mechanism for foreign bank charges arising from export transactions where the bank effects transfer/exchange of documents and money on behalf of clients. Relying on co-ordinate tribunal decisions, it found the confirmation of service tax demands, interest and penalties untenable. The adjudged demands and penalty in the impugned order dated 28.02.2017 were set aside and the appeal was allowed. Case-Laws Service Tax Thu, 14 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776746