https://www.taxtmi.com/article/detailed?id=7116 The notification exempts services by an acquiring bank in relation to settlement of a single card transaction up to the specified small-transaction threshold, provided payment is made by credit, debit, charge or other payment card. The exemption removes service tax on the merchant service charge retained by the acquirer for qualifying transactions, does not change the amount paid by the cardholder unless merchants lower prices, and does not automatically exempt other taxable services paid by card. en-us Sat, 10 Dec 2016 08:16:03 +0530 Sat, 10 Dec 2016 08:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7116 The notification exempts services by an acquiring bank in relation to settlement of a single card transaction up to the specified small-transaction threshold, provided payment is made by credit, debit, charge or other payment card. The exemption removes service tax on the merchant service charge retained by the acquirer for qualifying transactions, does not change the amount paid by the cardholder unless merchants lower prices, and does not automatically exempt other taxable services paid by card. Articles Service Tax Sat, 10 Dec 2016 08:16:03 +0530 https://www.taxtmi.com/article/detailed?id=7116