Is service tax apllicable for Charges received on Demand Draft

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..... Dear Sir Is service tax applicable?, If we are taken demand draft charges from client and Demand draft is above ₹ 15 lacks in the financial year and charges taken is above ₹ 50000.00 .....

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..... - Reply By Rajagopalan Ranganathan - The Reply = Dear Nilesh, Banks are liable to pay service tax on it other income like guarantee charges, LC/DD charges, loan processing fees, inspe .....

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..... ction charges, cheque return charges, foreign exchange commission charges, remittance charges, account maintenance charges, etc. As per para 4.14.1 of Taxation of Services an Education Guide by CBEC .....

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..... therefore service tax would be levied on service charges normally charged for various transactions in money including charges for making drafts, letter of credit issuance charges, service charges rela .....

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..... ting to issuance of CDs/CPs etc. - Is service tax apllicable for Charges received on Demand Draft - Query Started By: - nilesh akotkar Dated:- 16-11-2014 Service Tax - Got 1 Reply - Service Tax - D .....

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..... iscussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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