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2011 (4) TMI 703 - AT - Service Tax100% EOU - Service Tax Liability - banking and financial services received from a foreign country - Reverse charge tax shift mechanism operating under Rule 2(1)(d)(iv) of the Service Tax Rules, 1994 read with Section 66A of Finance Act, 1994 is effective only from 18.4.06 - Held that:- appellants have received the services of the foreign based bank and made the payments of the charges to the bank in the year 2005 i.e. prior to the amendment of the Finance Act, 1994 and therefore find that the demand in the present case is not tenable and liable to be set aside - Decided in favour of assessee.
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