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<h1>Exemption for acquiring bank services: settlement of small-value card transactions exempt from service tax under amended notification.</h1> Inserts Entry 64 into Notification No.25/2012-Service Tax to exempt services by an acquiring bank to any person in relation to settlement of a single payment card transaction up to a specified small-transaction threshold, and defines 'acquiring bank' to include banking companies, financial institutions including non-banking financial companies, or any other person who makes payment to a card-accepting person.
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