Charges for Cheque Returns and Minimum Balance Violations Deemed Taxable; Demand and Penalty Confirmed in Banking Case. https://www.taxtmi.com/highlights?id=36095 Banking and other financial services - cheque return charges, minimum balance violation charges and non-maintenance of Quarterly Average Balance (QAB) received - Naming of such cost recovery as violation charges does not alter the object of taxation - demand confirmed with penalty en-us Mon, 28 Aug 2017 12:12:53 +0530 Mon, 28 Aug 2017 12:12:53 +0530 TaxTMI RSS Generator Charges for Cheque Returns and Minimum Balance Violations Deemed Taxable; Demand and Penalty Confirmed in Banking Case. https://www.taxtmi.com/highlights?id=36095 Banking and other financial services - cheque return charges, minimum balance violation charges and non-maintenance of Quarterly Average Balance (QAB) received - Naming of such cost recovery as violation charges does not alter the object of taxation - demand confirmed with penalty Highlights Service Tax Mon, 28 Aug 2017 12:12:53 +0530 https://www.taxtmi.com/highlights?id=36095