TMI BlogBanking and Other Financial Services - dormant account charges - By levying “dormant account charges’...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. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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