Service Tax on Transmission & exchange of financial messages

Urvashi Porwal Transmission and exchange of financial messages Service falls under the category of ‘Banking and Other Financial Services’ – CESTAT Brief of the Case In the case of Bank of Baroda VS Commissioner of Service Tax it was held that the service of transmission and exchange of financial messages falls under the category of “Banking and Other Financial Services” and service tax should be levied accordingly Facts of the Case The fact of the case is that the appellant Bank of Baroda (BOB) received certain services from M/s. Society for Worldwide In...