Clarification regarding leviability of service tax in respect of services provided by arbitral tribunal

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..... d: 16.06.2016 TRADE NOTICE No. 08/2016 Subject: Clarification regarding leviability of service tax in respect of services provided by arbitral tribunal regarding. It has come to the notice of the Board that there is some confusion regarding the legal position with respect to continuance of reverse charge mechanism for services provided by arbitral tribu .....

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..... effect from 01.04.2016. It read as: Services provided by a person represented on an arbitral tribunal to an arbitral tribunal. 3. The matter has been examined. it may be noted that the services provided or agreed to be provided by an arbitral tribunal to a business entity (turnover exceeding ₹ 10 lakh) located in the taxable territory, is taxable under reverse .....

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..... the several natural persons on the said panel, to the business entity or to the arbitration institution approached by the business entity for purposes of arbitration. The liability to discharge service tax is on the service recipient, if it is a business entity located in the taxable territory with a turnover exceeding rupees ten lakh in the preceding financial year. 5. In view of th .....

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