VAT not leviable on mere deployment of ATM for providing ATM management service to bank

FIS Payment Solutions And Services India Private Limited Vs State of Karnataka (Karnataka High Court) Karnataka High Court held that deployment of ATM and other assets, without transfer of possession and effective control, for provision of ATM management service to banks is outside the purview of Value Added Tax. Facts- The common issue for consideration in the writ petitions is whether the respondents have jurisdiction to levy Value Added Tax (“VAT “) under the provisions of the Karnataka Value Added Tax Act, 2005 (“KVAT Act”) KVAT Act on ATM Management Services provid...