2011 (7) TMI 812

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....for the Respondent. [Order per : Mathew John, Member (T)]. - The applicant had got foreign currency bonds issued engaging the services of Bank of New York and paid the Bank of New York for such services rendered by the Bank of New York to the applicant. The Revenue wanted to charge Service Tax on such service received by the appellant under the provisions of Section 66A of the Finance Act, 1....

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.... criteria is that if such services are received by a recipient located in India for use in relation to business, then it shall be considered as a taxable services provided from outside India and received in India and shall be subjected to Service Tax as per Section 66A of the Finance Act, 1994. 4. We have considered arguments on both the sides. There is no doubt that the recipient is locat....