https://www.taxtmi.com/caselaws?id=772246 The Tribunal partially allowed the appeal, ruling that the appellant was not liable for Service Tax from 2008-09 to 30.06.2012 due to lack of RBI recognition. Post 1.7.2012, Service Tax was applicable on fees charged, except interest. Penalties were quashed, but interest liability was upheld. The case clarified definitions of banking services, taxable fees, and penalty impositions under Service Tax regulations. en-us Thu, 22 May 2025 00:00:00 +0530 Fri, 06 Jun 2025 08:30:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772246 The Tribunal partially allowed the appeal, ruling that the appellant was not liable for Service Tax from 2008-09 to 30.06.2012 due to lack of RBI recognition. Post 1.7.2012, Service Tax was applicable on fees charged, except interest. Penalties were quashed, but interest liability was upheld. The case clarified definitions of banking services, taxable fees, and penalty impositions under Service Tax regulations. Case-Laws Service Tax Thu, 22 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772246