Service Tax Exempt on Banking services by Nationalized Bank to RBI: CESTAT Chandigarh

Punjab National Bank Vs Commissioner of Service Tax (CESTAT Chandigarh) CESTAT Chandigarh held that banking services provided by Nationalized Bank to Reserve Bank of India are exempted from levy of service tax. Accordingly, service tax not leviable. Facts- The appellant is a Nationalized Bank having its registered office in Chandigarh and was registered with the Service Tax department for providing taxable services in the category of Banking and Financial Services, Transportation of goods by road and Renting of immovable property dated 16.04.2009 as defined u/s. 65(105)(zzk) 65(105) (zzp), 65(...