BOI Entitled Service Tax Refund Paid On Commission Charges For Credit Facility: CESTAT

The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) allowed Bank of India's claim for a service tax refund on commission charges related to a credit facility. The tribunal found that the commission charges were not subject to service tax, granting the bank's refund request. This decision clarifies the tax treatment of commission charges in credit facilities, benefiting financial institutions.