Service tax on Interest on Hypothecation

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..... Service tax on Interest on Hypothecation
Query (Issue) Started By: - satbir singh wahi Dated:- 26-12-2012 Last Reply Date:- 27-12-2012 Service Tax
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Service Tax
A NBFC is financ .....

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..... ing Motorcycles , under hypothecation agreement , all income receipts are accounted as Interest income .Whether they are subject to service tax ? As banks are exempt , so they should be. Reply By Pra .....

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..... deep Khatri: The Reply: Though Banks re exempted to pay the service tax on the Interest portion, but there is no such exemption available to Non Banking Finance Companies. Please check the Negative l .....

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..... ist as well as Mega Exemption Notification in this regard before taking any option whether to pay or not the service tax?
Discussion Forum - Knowledge Sharing .....

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