Service Tax under RCM Not Payable on Services for Business Winding-Up: CESTAT Mumbai

Lehman Brothers Advisers Pvt. Ltd. Vs Commissioner of Service Tax (CESTAT Mumbai) The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) Mumbai has ruled in favour of Lehman Brothers Advisers Pvt. Ltd. in its appeal against the rejection of service tax refund claims. The dispute arose when the company, which had entered liquidation following the global collapse of Lehman Brothers in 2008, procured management and legal consultancy services for the purpose of winding up its Indian operations. The company discharged service tax under the Reverse Charge Mechanism (RCM) in line with Sectio...