Relief to Standard Chartered Bank: CESTAT rules Mere Expense Allocation from SCB-UK to SCB-India not a Taxable Service [Read Order]
CESTAT grants relief to Standard Chartered Bank, ruling that mere expense allocation from SCB-UK to SCB-India is not a taxable service under reverse charge
By Kavi Priya - On March 7, 2025 9:08 pm - 2 mins read
The Mumbai Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that the mere allocation of expenses from Standard Chartered Bank UK (SCB-UK) to its Indian branch (SCB-India) does not constitute a taxable service under the reverse charge mechanism unless a clear service provider-service recipient relationship is established. SCB-India, the appellant, is…
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