https://www.taxtmi.com/caselaws?id=424363 Calcutta HC dismissed a writ petition challenging IGST levy on interest component of credit card loan EMI. The court held the petition maintainable against the private bank as it sought statutory compliance from both bank and tax authorities. Territorial jurisdiction was established as part of cause of action arose within HC's jurisdiction despite bank's office being located elsewhere. The court ruled that the loan service constituted credit card services, making the interest component taxable under IGST provisions. The exemption notification dated June 28, 2017 did not apply to interest on credit card services, resulting in petition dismissal. en-us Fri, 24 Jun 2022 00:00:00 +0530 Thu, 03 Apr 2025 15:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424363 Calcutta HC dismissed a writ petition challenging IGST levy on interest component of credit card loan EMI. The court held the petition maintainable against the private bank as it sought statutory compliance from both bank and tax authorities. Territorial jurisdiction was established as part of cause of action arose within HC's jurisdiction despite bank's office being located elsewhere. The court ruled that the loan service constituted credit card services, making the interest component taxable under IGST provisions. The exemption notification dated June 28, 2017 did not apply to interest on credit card services, resulting in petition dismissal. Case-Laws GST Fri, 24 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424363