Supreme Court of India

Commissioner of Gst and Central Excise v. M/s Citi Bank N. A.

Neutral citation
Reported as [2021] 13 S.C.R. 424
Bench K. M. Joseph and S. Ravindra Bhat JJ.
Decided 9 December 2021

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

From the headnote

Central Excise Act, 1944 - ss. 35L(1)(b) – Finance Act, 199 4 – 65B(44), 65(33a), 67, 68 – Service Tax on interchange Fe e – An internal audit group of the Service Tax Commissionerate found that respondent-bank was receiving interchange fee, which formed part of the gross amount billed to the customer – Show Caus e Notices were issued to the Respondent – Respondent contende d that it is not performing any service so as to render it exigible to service tax on the interchange service – Principal Commissioner found that respondent-bank was liable to pay service tax, penalty and interest on the

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