Service Tax Leviable only on Receiver of Service from Foreign Bank under “Banking and Other Financial Services”: CESTAT [Read Order]

CESTAT News - Excise - Customs - Service Tax - CESTAT Allahabad - Banking - Other Financial Services - Tax News - TAXSCAN

The Allahabad bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the service tax can be levied only on the service receiver from the foreign bank which falls under the category of ‘Banking and another financial service’.  Samsung Electronics India Pvt. Ltd, the appellant assessee was engaged in the manufacture of…

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