Issuing Bank's Commission on Card Swipes Not Taxable as "Credit Card Services" Under Tax Rules.

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....Credit Cards Services - issuing bank receiving certain commission from the acquiring bank on swiping of credit cards - the appellant is not engaged in any activity of settlement of the amount. In fact, the appellant is not the settlement agency and is acting only as issuing bank - the amount received by the appellant does not qualify as the ‘credit cards services’.....