https://www.taxtmi.com/caselaws?id=374387 Whether interchange fees constitute taxable "credit card services": Tribunal applied precedent holding that amounts retained by an acquiring entity as interchange fees do not amount to credit card services because they arise from distinct contractual relationships and are not consideration for a composite credit card service; where the acquiring bank has discharged service tax on the full transaction value, no additional service tax liability attaches to the recipient of interchange fees. Outcome: impugned assessment set aside and appeal allowed in favor of the appellant. en-us Fri, 16 Nov 2018 00:00:00 +0530 Mon, 19 Jan 2026 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374387 Whether interchange fees constitute taxable "credit card services": Tribunal applied precedent holding that amounts retained by an acquiring entity as interchange fees do not amount to credit card services because they arise from distinct contractual relationships and are not consideration for a composite credit card service; where the acquiring bank has discharged service tax on the full transaction value, no additional service tax liability attaches to the recipient of interchange fees. Outcome: impugned assessment set aside and appeal allowed in favor of the appellant. Case-Laws Service Tax Fri, 16 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374387