https://www.taxtmi.com/caselaws?id=785028 Classification of bank charges deducted by foreign correspondent banks concerned whether such charges constitute Banking and Other Financial Services subject to service tax under reverse charge. The note explains that where a domestic bank is engaged by the exporter and the domestic bank pays tax on its bill, there is no evidence the exporter engaged the foreign bank or received services directly from it; therefore reverse charge applies only to the actual service recipient and the demand on the exporter is untenable and set aside. en-us Thu, 08 Jan 2026 00:00:00 +0530 Thu, 15 Jan 2026 11:57:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785028 Classification of bank charges deducted by foreign correspondent banks concerned whether such charges constitute Banking and Other Financial Services subject to service tax under reverse charge. The note explains that where a domestic bank is engaged by the exporter and the domestic bank pays tax on its bill, there is no evidence the exporter engaged the foreign bank or received services directly from it; therefore reverse charge applies only to the actual service recipient and the demand on the exporter is untenable and set aside. Case-Laws Service Tax Thu, 08 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785028