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Service Tax - Highlights / Catch Notes

Home Highlights November 2016 Year 2016 This

ME discount, by whatever name called, representing amounts ...


Service Tax Demand Dismissed on ME Discounts Retained by Banks; Not Considered Payment for Credit Card Services.

November 2, 2016

Case Laws     Service Tax     AT

ME discount, by whatever name called, representing amounts retained by an acquiring bank from out of amounts recovered by such bank for settlement of payments to the ME does not amount to consideration received in relation to credit card services - Demand of service tax set aside - AT

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