Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

2015 (10) TMI 1578

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s to the period prior to 1-5-2006 - Clarification from Respondent sought whether on a representation made by the Indian Bank’s Association a decision has been taken by the C.B.E. & C. or not – Further affidavit required as to whether in fact a meeting was held between Indian Bank’s Association and Mr. Reddy, the Addl. Commissioner of Service Tax, Mumbai. - Writ Petition No. 3247 of 2015 - - - Da .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... te with regard to the liability of the present petitioner to pay Service Tax after 1-5-2006. It is his contention that the only issue that was referred to the Larger Bench is with regard to the taxability of the acquiring Bank for the services rendered prior to that period. 3. Perusal of both the Judgments of the Mumbai Bench in the case of HDFC Bank and of Delhi Bench in the case of M/s. ABN A .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... return filed for the period from April 2007 to September 2007, the concerned banks should make payment of Service Tax due for that period. It was further agreed that the Service Tax department will not take any further action against the banks till a clarification is obtained from C.B.E. C. It was further agreed that if C.B.E. C. decides in favour of the banks, the Service Tax department will ref .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s by the acquiring bank, still a demand can be made against the issuing bank is yet to be adjudicated. 8. As already discussed hereinabove, the issue that has been decided by the Tribunal Mumbai so also at Delhi pertains to the period prior to 1-5-2006. 9. In that view of the matter, we would like clarification from Respondent No. 1 as to whether on a representation made by the Indian Bank s .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates