Banking and Other Financial Services - dormant account charges - ...

Banks' Dormant Account Fees Are Penalties, Not Taxable Services Under Banking Regulations.

August 13, 2018

Case Laws Service Tax AT

Banking and Other Financial Services - dormant account charges - By levying “dormant account charges’ such account holders are not getting any additional services or benefits that they were not getting earlier. This being so, levy of such charges are nothing but a penalty imposed on such account holders for keeping their account inoperative. - Not liable to service tax.

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Banking and Other Financial Services - dormant account charges - ...

Banks' Dormant Account Fees Are Penalties, Not Taxable Services Under Banking Regulations.

August 13, 2018

Case Laws Service Tax AT

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