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2022 (12) TMI 1146 - AT - Service TaxLevy of Service Tax - Banking and other Financial Services - charges paid by them in respect of their foreign currency transaction on reverse charge basis - HELD THAT:- It is noticed that the matter has been examined in detail in the case of M/S RAJ PETRO SPECIALITIES P LTD VERSUS C.C.E. & S.T. - SILVASA [2018 (8) TMI 1179 - CESTAT AHMEDABAD] where it was held that any bank charges paid by Indian Bank to the Foreign Banks even though in connection with import and export of the goods and the same was debited to the appellant, the service tax liability does not lie on the appellant. In the instant case there are no allegation that any payment has been made directly by the appellant to the foreign bank. In this circumstances we find that no service tax can be demanded from the appellant. Appeal allowed.
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