Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
SBI Wins Before CESTAT on Service Tax Demand for Interchange and Free ATM Services: Supreme Court to...
SBI has won before CESTAT on a service tax demand for "interchange and free ATM services," with the Supreme Court to hear a related appeal together. This significant ruling provides relief to SBI regarding service tax on these common banking operations. "Interchange fees" are charged for transactions between different bank networks, while "free ATM services" are typically for non-home bank transactions within a certain limit. CESTAT's decision favors SBI, but the Supreme Court's upcoming hearing indicates that the final legal position on these complex taxability issues is still evolving.