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Service Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Credit Card Services - Merchant Establishment Discount (ME ...

Case Laws     Service Tax

August 19, 2015

Credit Card Services - Merchant Establishment Discount (ME discount), by whatever name called, representing amounts retained by an acquiring bank from out of amounts recovered by such bank for settlement of payments to the ME does not amount to consideration received “in relation to” credit card services. - AT

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