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Service Tax - Highlights / Catch Notes

Home Highlights November 2014 Year 2014 This

Banking and Other Financial Services - sharing of the ...


Service Tax Not Applicable on Commission Sharing Between Banks; Classified as Income Sharing, Stay Granted.

November 11, 2014

Case Laws     Service Tax     AT

Banking and Other Financial Services - sharing of the commission between the Acquiring Bank and the Issuing Bank cannot be considered as service transaction but as sharing of income between two service providers - stay granted - AT

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