Service Tax Payable on Bill Discounting under BFS only When Service Rendered by Banking Company: CESTAT [Read Order]

Service Tax Payable on Bill Discounting - BFS - Service Tax Payable - Service Rendered - Banking Company - CESTAT - taxscan

The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that service tax is payable on bill discounting under banking and other financial services (BFS)only when service is rendered by the banking company. M/s. Surin Automotive Private Limited, the appellant is a registered service provider for Goods Transport Operator Service….

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