TMI BlogApplicability of Service tax on Over due Interest Received from CustomersX X X X Extracts X X X X X X X X Extracts X X X X ..... Sir, Recovery of Over due Interest comes under Service tax Net? Please give your opinions on this issue with relevant Staturoty Reference. - Reply By Pradeep Khatri - The Reply = No service tax wi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ll be applicable on interest. Please check the Negative list, Taxation of Servcies :- An Education Guide, and Mega Notification in this regard. - Reply By Abraham Wilson - The Reply = Sir Thanks ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for your reply. As per Sec.66D(n)(i) - Services by way of Extending Loans in under the Negative List. But Shall we taken Delayed Payment Interest as a Loan given to Customer? Is It Right? Plea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... se give your inputs. - Reply By Pradeep Khatri - The Reply = Kindly refer Rule 6 of the Valuation Rule :- Interest for delayed payment of any consideration for the sale of goods or provision of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... service has been specifically excluded. - Reply By Abraham Wilson - The Reply = Thank You Sir - Applicability of Service tax on Over due Interest Received from Customers - Query Started By: - Abra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ham Wilson Dated:- 29-8-2012 Service Tax - Got 4 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... axmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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