Home Case Index All Cases Service Tax Service Tax + AT Service Tax - 2011 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (2) TMI 320 - CESTAT, MUMBAIDemand - whether the appellant-bank is liable to pay service tax amounting to Rs.74 lakhs for the period from April 2002 to April 2006 under the head “Banking and other Financial Services” (BOFS) - When the card holders used the cards for shopping abroad, they had to pay in foreign currency and HDFC recovered from them, in addition to the exact value of the goods in foreign currency, 3.5% towards what they called “margin of profit” - BOFS include “credit card services” provided by a banking company like HDFC - Decided against the assessee by way of direction to the appellant to pre-deposit the amount of Rs.74 lakhs within four weeks and report compliance on 15.04.2011
|