The CESTAT held that the appellant bank merely acted on behalf ...
Indian Bank Not Liable for Service Tax on Foreign Bank Charges Under Reverse Charge Mechanism, CESTAT Rules.
January 11, 2025
Case Laws Service Tax AT
The CESTAT held that the appellant bank merely acted on behalf of the Indian exporter and facilitated the service. The appellant bank would not be liable to pay service tax under the reverse charge mechanism on 'foreign bank charges' paid to the foreign correspondent bank. The appeal of the revenue was dismissed.
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