ATM Management Services Provided to Banks Not Liable to VAT as No Sale or Transfer of Ownership or Possession involved, only Service Tax Applies: Karnataka HC [Read Order]

By Devanand T R - On August 6, 2023 12:00 pm - 2 mins read
ATM Management Services - ATM - Banks - Not Liable to VAT - VAT - Transfer of Ownership - Possession - Service Tax Applies - Karnataka High Court - taxscan

The High Court of Karnataka has held that the Automated Teller Machine (ATM) Management Services provided by service provider companies to the banks are not liable to Value Added Tax (VAT) as there is no sale, transfer of ownership or possession involved in such transactions. The court emphasised that these services are purely service-oriented and…

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