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SERVICE TAX ON NBFC, Service Tax |
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SERVICE TAX ON NBFC |
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DEAR SIR One of my client is running a NBFC, he is having income from Interest from loan/ hypothecation transactions, does it chargeable to service tax under banking and financial services or not. Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
On interest there is no liability. Other incomes maybe subjected to ST
Dear Nitin, Earning interest is not treated at par with providing/receiving services, therefore, no service tax would be leviable. Regards Team YAGAY & SUN (Management & Indirect Taxation Consultants) Page: 1 Old Query - New Comments are closed. |
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