Applicability of service tax, Service Tax

[Ankur Poddar]

Will service tax will be attracted for L/C confirmation charges, charged by a foreign bank. Pls give related section or case laws in support of the reply.

Posts / Replies

[Surender Gupta]

This site contains statutory provisions and case laws on service tax. You need to visit the relevant parts. You may use the www.taxmanagementindia.com/site-map/Global-search/z_gloable_search.asp to find your queries.

[Mukesh Kumar]

L/c confirmation charges charged by a foreign bank may constitute as Import of Service. The banking service is falling in third category of import of services where the recipient of services in India is liable to pay service tax on this service.