EXCISE/ST/VAT : Interchange fee earned by issuing bank in credit card transaction is liable to Service Tax as it is for a separate service distinct from the service provided by acquiring bank; Demand of tax on such fee when the same has been paid by acquiring bank amounts to double taxation [Judgment per Justice K.M. Joseph]EXCISE/ST/VAT : Interchange fee earned by issuing bank in credit card transaction is liable to Service Tax as it is for a separate service distinct from the service provided by acquiring bank; Demand of tax on such fee when the same has been paid by acquiring bank amounts to double taxation [Judgment per Justice K.M. Joseph]www.taxmann.com Latest Case LawsRead More
