Payment card services taxable under service tax; providers responsible for tax on card issuance, processing, settlement and related services. Service tax applies to services related to credit, debit, charge or other payment card services; any person providing such card-related services is liable to pay tax. The taxable scope covers issuing-bank activities, support services to issuing banks (application processing, PIN generation, renewal/replacement, credit-limit adjustments, statement generation), settlement services by issuing or acquiring banks, joint promotional/co-branded card services, promotion and marketing via cards, ATM-use services, and trademark/license services to issuing banks, with issuing banks and trademark owners treated as separate persons.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Payment card services taxable under service tax; providers responsible for tax on card issuance, processing, settlement and related services.
Service tax applies to services related to credit, debit, charge or other payment card services; any person providing such card-related services is liable to pay tax. The taxable scope covers issuing-bank activities, support services to issuing banks (application processing, PIN generation, renewal/replacement, credit-limit adjustments, statement generation), settlement services by issuing or acquiring banks, joint promotional/co-branded card services, promotion and marketing via cards, ATM-use services, and trademark/license services to issuing banks, with issuing banks and trademark owners treated as separate persons.
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