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Service Tax - Highlights / Catch Notes

Home Highlights September 2019 Year 2019 This

RCM - payment of guarantee fee towards receipt of Bank ...

Service Tax

September 4, 2019

RCM - payment of guarantee fee towards receipt of Bank Guarantees - These are not the guarantees provided by a corporation for it’s subsidiaries but are pure bank guarantees provided through banks by the service providers - the appellant received banking and financial services from abroad and is liable to discharge service tax under reverse charge mechanism.

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