![Service Tax Leviable only on Receiver of Service from Foreign Bank under “Banking and Other Financial Services”: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/CESTAT-News-Excise-Customs-Service-Tax-CESTAT-Allahabad-Banking-Other-Financial-Services-Tax-News-TAXSCAN.jpg "Service Tax Leviable only on Receiver of Service from Foreign Bank under “Banking and Other Financial Services”: CESTAT [Read Order]")
Service Tax Leviable only on Receiver of Service from Foreign Bank under “Banking and Other Financial Services”: CESTAT [Read Order]
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...
India-UK holds 12th EFD in New Delhi; Finance Minister and Chancellor of Exchequer of UK agrees to Increase Financial Services Links between Two Countries
The 12th India-United Kingdom Economic and Financial Dialogue (EFD) Ministerial Round took place in New Delhi on 11th September 2023. The Indian delegation was headed by Smt. Nirmala Sitharaman, the...
Amount Deducted by Foreign Banks Towards Banking Charges Are not Taxable under Banking And Other Financial Services: CESTAT [Read Order]
The Chennai Bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that the amount deducted by foreign banks towards banking charges is not taxable under banking and other...
![Amount Deducted by Foreign Banks Towards Banking Charges Are not Taxable under Banking And Other Financial Services: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Amount-Deducted-Foreign-Banks-Banking-Charges-Taxable-Banking-Financial-Services-CESTAT-TAXSCAN.jpg "Amount Deducted by Foreign Banks Towards Banking Charges Are not Taxable under Banking And Other Financial Services: CESTAT [Read Order]")
Supreme Court Directs Income Tax Dept to Pay Rs. 1.5L as Cost to Western Union: Directs Re-Adjudication of Tax Appeals [Read Judgement]
In a recent ruling, the Supreme Court of India had directed the Income Tax department to pay Rs 1,5 Lakhs of the total cost to Western Union Financial Services inc and directed re-adjudication of tax...
![Supreme Court Directs Income Tax Dept to Pay Rs. 1.5L as Cost to Western Union: Directs Re-Adjudication of Tax Appeals [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/07/Supreme-Court-Income-Tax-Cost-Western-Union-Directs-Re-Adjudication-Tax-Appeals-TAXSCAN-1.jpg "Supreme Court Directs Income Tax Dept to Pay Rs. 1.5L as Cost to Western Union: Directs Re-Adjudication of Tax Appeals [Read Judgement]")
No Service Tax liability on hire purchase and Financial Lease Agreement entered prior to 16.07.2001, although Payments were received: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata Bench ruled that there is no service tax liability on hire purchase and financial lease agreement entered prior to 16.07.2001,...
![No Service Tax liability on hire purchase and Financial Lease Agreement entered prior to 16.07.2001, although Payments were received: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/service-tax-liability-agreement-payments-received-CESTAT-TAXSCAN.jpg "No Service Tax liability on hire purchase and Financial Lease Agreement entered prior to 16.07.2001, although Payments were received: CESTAT [Read Order]")