https://www.taxtmi.com/caselaws?id=325869 The Tribunal ruled that the appellant assessee was not liable for service tax under the Banking and Financial Service category for services provided to credit card holders. The larger bench clarified that the new definition of credit card services introduced by the Finance Act, 2006 did not have retroactive reach and Merchant/Merchant Establishment could be considered as customers in this context. Consequently, the assessee's appeals were allowed, overturning the previous orders, while the Revenue's appeals were dismissed. The decision was based on the interpretation of the new definition and the treatment of Merchant Establishment Discounts. en-us Thu, 28 Jan 2016 00:00:00 +0530 Tue, 05 Sep 2017 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325869 The Tribunal ruled that the appellant assessee was not liable for service tax under the Banking and Financial Service category for services provided to credit card holders. The larger bench clarified that the new definition of credit card services introduced by the Finance Act, 2006 did not have retroactive reach and Merchant/Merchant Establishment could be considered as customers in this context. Consequently, the assessee's appeals were allowed, overturning the previous orders, while the Revenue's appeals were dismissed. The decision was based on the interpretation of the new definition and the treatment of Merchant Establishment Discounts. Case-Laws Service Tax Thu, 28 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325869