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2015 (10) TMI 2411 - AT - Service TaxRejection of Refund Claim – Management Consulting Services - Exported “Banking and other Financial Services”– Appellant contends that remittance against export of services was received in Indian Rupees but through foreign bank and have issued FIRC - CENVAT credit for Clearing services, Car Hire Charges, Professional charges for assisting in MIS reporting requirement are used for providing output services which has been exported thus qualifies as input services, credit is admissible. Held That:- Even though appellant received payment in Indian rupees but same is deemed to be convertible foreign exchange and condition provided under Rule 3(ii) of Export of Service Rules, 2005 stand complied with and refund should not be rejected only on ground that foreign remittance received in Indian Rupees – Services, whether it falls under banking and financial services or under management consultant services, services have been exported thus admissible to be input service – Appeal allowed - Decided in favour of appellant.
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