Commissioner Of Gst And Central Excise vs M/S Citibank N.A.

The Supreme Court addressed appeals concerning the liability of M/S Citibank N.A. to pay service tax on interchange fees received, which were contested by the bank. The court examined the applicability of service tax under the Central Excise Act and the Finance Act, ultimately upholding the Tribunal's decision that set aside the orders imposing tax, penalty, and interest on the bank. The judgment clarified the interpretation of service tax liabilities in the context of banking services.