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2019 (12) TMI 1372 - CESTAT CHANDIGARHBanking and Other Financial Services - late payment charges - delayed deposit of instalment of higher-purchase charges by the customers - C.B.E. & C. Circular dated 3-8-2011 - HELD THAT:- The amount received by the appellant on account of delayed payment charges by the customers is not to be treated as consideration for provision of service and therefore, does not form part of the value of taxable service as clarified by C.B.E. & C. Circular dated 3-8-2011 - As the C.B.E. & C. has clarified that the delayed payment charges are not includible in the taxable value of service, therefore, the appellant is not liable to pay service tax on these incidental charges received on account of delayed payment of instalment by the customers. Appeal allowed - decided in favor of appellant.
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