Finance Act, 1994 with Section 65(33a)

Supreme Court clarifies service tax on Merchant Discount Rate in credit card transactions: Commissioner of GST vs. Citibank N.A. (2024)

Supreme Court clarifies service tax on Merchant Discount Rate in credit card transactions: Commissioner of GST vs. Citibank N.A. (2024) LEGAL ISSUE: Whether service tax is separately payable on the interchange fee in credit card transactions, in addition to the service tax on the Merchant Discount Rate (MDR). CASE TYPE: Tax Law (Service Tax) Case […]

Supreme Court clarifies service tax on Merchant Discount Rate in credit card transactions: Commissioner of GST vs. Citibank N.A. (2024) Read Post »

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)

December 9, 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 »