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2014 (8) TMI 585 - AT - Service TaxWaiver of pre deposit - non discharge of service tax liability on the amounts which were charged by the foreign bank towards service charges - Reverse charge mechanism - Held that:- Appellant herein produces the LC to the Indian Bank, makes the payment against such LC. It is his submission that the appellant is not receiving any services from foreign banks for the collection against the LCs. We find that the amount charged by foreign bank, prima facie cannot be considered as service received by the appellant. We are of the view that the appellant made a strong case for the waiver of pre-deposit of the amounts involved. Accordingly, application for the waiver of the pre-deposit of the balance amounts involved is allowed and recovery thereof stayed till the disposal of appeal - Stay granted.
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