Clarification regarding leviability of Service Tax in respect of Services provided by arbitral tribunal and members of such tribunal

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..... PATEL MARG, PATNA-800001. C. No. IV(39)38//Tech/CCE/PAT/14/934-56 Dated: 16-06-2016 TRADE NOTICE NO. 02/2016-17 Attention of the trade is invited to Circular No. 193/03/2016-Service Tax Dated 18.05.2016 issued vide F. No. 356/1/2016-TRU by Government of India, Ministry of Finance, Department of Revenue, CBEC, New Delhi regarding clarif .....

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..... s ten lakh in the preceding financial year, are exempt from services tax [Entry 6(a) of Notification No. 25/2012-ST refer]. Arbitral tribunal has been assigned the same meaning in the exemption notificati01i No. 25/2012-ST [paragraph 2(c )] as in clause (d) of Section 2 of the Arbitration and Conciliation Act 1996, which is as follows:- arbitral tribunal means asole arbitrator or .....

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..... t could be argued that service provided by an arbitrator on the panel of arbitrators, to the arbitral tribunal is taxable under forwarded charge. However, this does not appear to be a correct :interpretation of law. Any reference in Service Tax law to an arbitral tribunal necessarily includes the natural person on the arbitral tribunal, by virtue of clause (d) of Section 2 of the. Arbitration an .....

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