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Service Tax - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

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

Service Tax

August 13, 2018

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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