https://www.taxtmi.com/caselaws?id=780364 CESTAT Chennai held that services rendered by overseas lead managers, legal advisors, placement agents and merchant bankers in relation to GDR/FCCB issues qualify as "banking and other financial services" and are taxable under the reverse-charge mechanism when received and used in India; sale of TV time received from a foreign channel was held taxable as "sale of space or time for advertisement." However, the Tribunal found the extended limitation period inapplicable, ruled the demand time-barred for the years in dispute, set aside the tax demand, and allowed the appellant's appeal. en-us Mon, 11 Aug 2025 00:00:00 +0530 Wed, 29 Oct 2025 08:22:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780364 CESTAT Chennai held that services rendered by overseas lead managers, legal advisors, placement agents and merchant bankers in relation to GDR/FCCB issues qualify as "banking and other financial services" and are taxable under the reverse-charge mechanism when received and used in India; sale of TV time received from a foreign channel was held taxable as "sale of space or time for advertisement." However, the Tribunal found the extended limitation period inapplicable, ruled the demand time-barred for the years in dispute, set aside the tax demand, and allowed the appellant's appeal. Case-Laws Service Tax Mon, 11 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780364