Service Tax on ATM Interchange

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..... At present, Acquiring banks are charging of ₹ 15+(1.85 service tax) to Issuing banks for each ATM cash withdrawal transaction. Issuing banks are recover ₹ 20 (including service tax 17.80+2 .....

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..... .20) from their customers. I would like to know whether issuing banks needs to pay the service tax of ₹ 2.20 or ₹ 0.35 (2.2-1.85). Please suggest. - Reply By PAWAN KUMAR - The Reply = De .....

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..... ar Sir, As per my view, issuing banks need to pay service tax of ₹ 2.20. - Reply By VENKATRAMAYYA K - The Reply = Hi, Thanks for sharing your view. Issuing bank can adjust the service tax of .....

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..... ₹ 1.85 paid by Acquiring bank with recovered from customer of ₹ 2.20 as the transaction is same. Isn't double tax if issuer pay service tax of ₹ 2.20. - Reply By MARIAPPAN GOVI .....

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..... NDARAJAN - The Reply = Thanks for the experts sharing their views in this regard. - Service Tax on ATM Interchange - Query Started By: - VENKATRAMAYYA K Dated:- 30-12-2014 Service Tax - Got 3 Repli .....

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..... es - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - .....

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..... TMITax .....

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