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2017 (2) TMI 1347 - AT - Service TaxDemand of service tax - appellant are getting the commission from the RBI for the tax collection, RBI bonds, payment of pension, PPF etc. - Held that: - the bank has been appointed by the RBI as its agent under Section 45 of the RBI Act. RBI itself has been entrusted by the Central Government to transact Government business. Hence the bank has been appointed as agent of RBI, it is transacting Government business which is in the nature of a sovereign function performed on behalf of the Government and hence not liable to service tax - appeal allowed - decided in favor of appellant.
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