Case Law Details
Case Name : Commissioner of GST And Central Excise Vs Citibank N.A. (Supreme Court of India)
Related Assessment Year :
Courts :
Supreme Court of India
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Commissioner of GST And Central Excise Vs Citibank N.A. (Supreme Court of India)
In a significant ruling, the Supreme Court of India addressed the service tax obligations concerning the Merchant Discount Rate (MDR) and interchange fees in the case of Commissioner of GST and Central Excise vs. Citibank N.A. The court upheld the position that service tax is only payable on the MDR and not separately on the interchange fee charged between the acquiring and issuing banks.
The case originated from the contention of the Revenue that both the acqui
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