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Service Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

The "mark up" charges accruing to the issuing bank when card ...


Foreign Exchange "Mark Up" Charges by Banks Not Subject to Service Tax Under Credit Card Services.

February 28, 2016

Case Laws     Service Tax     AT

The "mark up" charges accruing to the issuing bank when card holder uses credit card to pay in foreign exchange abroad is not liable to service tax under credit card services (under Banking & Other Financial Services) during the relevant period. - AT

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