Dear Experts,
Please guide on Applicability of Service Tax
Indian Bank charges some charges for remitting funds received mistakenly to the corresponding bank located in Non taxable territory.
Is Indian liable to pay Service Tax under RCM?
Can They take Credit of Same.
Awaiting for your guidance.
Regards,
Pankaj
Dear Pankaj,
Please elaborate the transaction and mention from whose point of view the applicability is to be looked into, whether the Indian Bank or the person transferring the funds.
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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CAclubindia
