Supreme Court clarifies service tax on interchange fees in credit card transactions: Commissioner of GST and Central Excise vs. M/S Citi Bank N.A. (2021) INSC 728 (09 December 2021)

/ Finance Act, 1994, Finance Act, 1994 with Section 65(105)(zzzw), Finance Act, 1994 with Section 65(33a), Finance Act, 1994 with Section 65B(44), Judges, K.M. Joseph, S. Ravindra Bhat, Service Tax Rules, 1994

Supreme Court Clarifies Service Tax on Interchange Fees in Credit Card Transactions Date of the Judgment: 09 December 2021 Citation: (2021) INSC 728 Judges: K.M. Joseph, J. and S. Ravindra Bhat, J. (S. Ravindra Bhat, J. dissenting) Can an issuing bank be taxed separately for the interchange fee it earns in a credit card transaction, […]

Supreme Court clarifies service tax on interchange fees in credit card transactions: Commissioner of GST and Central Excise vs. M/S Citi Bank N.A. (2021) INSC 728 (09 December 2021) Read Post »