https://www.taxtmi.com/caselaws?id=188214 The Tribunal allowed the appeal, setting aside the demand for service tax on currency conversion charges (markup) for credit card and debit card services during the relevant period. It held that the markup charges were not liable to service tax as they were considered part of the cost of goods/services purchased in foreign currency and not a separate service. The Tribunal also emphasized that the services were rendered and consumed outside India, making them non-taxable within the jurisdiction. Consequently, the penalty under Section 78 was also set aside. en-us Thu, 25 Feb 2016 00:00:00 +0530 Tue, 22 Nov 2016 11:46:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188214 The Tribunal allowed the appeal, setting aside the demand for service tax on currency conversion charges (markup) for credit card and debit card services during the relevant period. It held that the markup charges were not liable to service tax as they were considered part of the cost of goods/services purchased in foreign currency and not a separate service. The Tribunal also emphasized that the services were rendered and consumed outside India, making them non-taxable within the jurisdiction. Consequently, the penalty under Section 78 was also set aside. Case-Laws Service Tax Thu, 25 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188214