No Service Tax on Foreign Bank Remittance: CESTAT Mumbai

Sabre Travel Network India P Ltd Vs Commissioner of CGST & Central Excise (CESTAT Mumbai) In the case of Sabre Travels Network India Pvt Ltd v. Commissioner of CGST & Central Excise, Mumbai Central [Final Order No. A/85779-85783/2020 dated 11 September 2020], the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) ruled on the taxability of certain overseas transactions. The Tribunal observed that while payments were made by the appellant to an overseas entity, the responsibility for repatriation of export proceeds lay with the foreign customer, who authorized M/s Amsco Finance...