No service tax for credit or debit card, or net banking usage
Posted on: 20/Aug/2016 12:12:25 PM
The cabinet ministry has announced cancellation of all service tax and additional charges imposed on transactions made on credit card, debit card or net banking.
The centre has given its nod to cancel all extra charges and service tax toe be paid for using net banking, credit card, and debit card.
As a move to encourage online funds transactions, and reduce tax evasions, this move is being made, say sources from the central government.
