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Consolidated Invoice Rule: No Different Service Tax for Banks in Merchant vs. Bank Transactions u/r 6 (7B) Service Tax Rules.
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....Rule 6 (7B) of the Service Tax Rules, 1994 - consolidated invoice issued covering all the transactions in a particular month - Whether law permits different service tax liability of the banks in case of its transaction with a merchant or with another scheduled bank? - No demand can sustain.....
TaxTMI
TaxTMI