2015 (9) TMI 1621 - AT - Service Tax

Banking and other financial services - Held that - The issue stands decided by the Larger Bench of the Tribunal in the case of Standard Chartered Bank Vs. CST Mumbai-I 2015 (8) TMI 686 - CESTAT DELHI (LB) wherein Larger Bench has held that prior to 01.05.2006 credit card services or other payment card services to be classified banking/financial services only these services provided by an issuing bank to an acquiring bank - appeal allowed - decided in favor of appellant.

Summary

The Appellate Tribunal CESTAT New Delhi allowed the appeal, quashing the adjudication order dated 31.03.2008, as the issue was covered in favor of the appellant by a decision of the Larger Bench in Standard Chartered Bank & Others Vs. CST, Mumbai-I & Others [2015-TIOL-1713-CESTAT-DEL-LB].