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Service Tax - Highlights / Catch Notes

Home Highlights August 2017 Year 2017 This

Banking and other financial services - cheque return charges, ...


Charges for Cheque Returns and Minimum Balance Violations Deemed Taxable; Demand and Penalty Confirmed in Banking Case.

August 28, 2017

Case Laws     Service Tax     AT

Banking and other financial services - cheque return charges, minimum balance violation charges and non-maintenance of Quarterly Average Balance (QAB) received - Naming of such cost recovery as violation charges does not alter the object of taxation - demand confirmed with penalty

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