https://www.taxtmi.com/caselaws?id=466044 Interchange fee charged by an issuing bank was examined as consideration for services and whether it attracted service tax; the tribunal precedent was applied to conclude interchange fees are not taxable, leading to setting aside of the demand, interest and penalty against the scheduled commercial bank. The decision therefore negates service tax liability on such interchange fees for the taxpayer concerned and allows the appeal, with consequential reliefs to follow. en-us Wed, 20 Nov 2019 00:00:00 +0530 Wed, 21 Jan 2026 20:45:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466044 Interchange fee charged by an issuing bank was examined as consideration for services and whether it attracted service tax; the tribunal precedent was applied to conclude interchange fees are not taxable, leading to setting aside of the demand, interest and penalty against the scheduled commercial bank. The decision therefore negates service tax liability on such interchange fees for the taxpayer concerned and allows the appeal, with consequential reliefs to follow. Case-Laws Service Tax Wed, 20 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466044