https://www.taxtmi.com/caselaws?id=362426 The Tribunal upheld the decision of the lower authority to drop proceedings against a bank for Service Tax liability. The Department's appeal was rejected as the Tribunal found that the bank's use of consolidated invoices adequately covered the Service Tax obligations for proprietary transactions, in accordance with legal provisions and a Circular by CBEC. The Tribunal determined that the bank's fixed charge per transaction was sufficient for Service Tax payment, dismissing the Department's argument that the bank should pay at a different rate. en-us Mon, 14 May 2018 00:00:00 +0530 Tue, 26 Jun 2018 08:40:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362426 The Tribunal upheld the decision of the lower authority to drop proceedings against a bank for Service Tax liability. The Department's appeal was rejected as the Tribunal found that the bank's use of consolidated invoices adequately covered the Service Tax obligations for proprietary transactions, in accordance with legal provisions and a Circular by CBEC. The Tribunal determined that the bank's fixed charge per transaction was sufficient for Service Tax payment, dismissing the Department's argument that the bank should pay at a different rate. Case-Laws Service Tax Mon, 14 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362426