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2018 (11) TMI 165 - CESTAT HYDERABADBusiness Auxiliary services - commission received from the RBI by the banks - appellant carried out various Government transactions on behalf of the Central and the State Governments and have received commission - taxability - N/N. 22/2006-ST dated 31.05.2006 - Held that:- The Notification exempts taxable services provided or to be provided by any person to the Reserve Bank of India when the service tax for the service is liable to be paid by the Reserve Bank of India under Sub-Section (2) of Section 68 of the Finance Act, 1994 read with Rule 2 of the Service Tax Rules, 1994 - It further exempts taxable services provided or to be provided to any person by the Reserve Bank of India. Demand set aside - appeal allowed - decided in favor of appellant.
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