No Service tax on interest income from overdraft & cash credit facilities: CESTAT Kolkata

Assam Cooperative Apex Bank Ltd Vs Commr. of CGST (CESTAT Kolkata)

In a significant decision, the case of Assam Cooperative Apex Bank Ltd vs Commissioner of CGST (CESTAT Kolkata) revolves around the applicability of service tax on interest income derived from overdraft and cash credit facilities.

The dispute arose when the Internal Audit Party of the Dibrugarh Commissionerate demanded service tax from the appellant for the period 2008-09 to 2011-12. The contention was based on non-compliance with Rule 4A of the Service Tax Rules, which specifies invoicing requirements for ta

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