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Service tax on interest charged

Service Tax - Started By: - sanjay gupta - Dated:- 16-11-2015 Last Replied Date:- 28-11-2015 - My credit card issuer charging on loan taken, which shall be repaid in 6 EMI.My question is that whether service tax is applicable on interest charged by c .....

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f loan. However, if penal amounts are recoverable for delayed payment of such loan such penal amount is chargeable to service tax since they are charges for tolerating an act or situation which is a declared service under Section 66 E of Finance Act, .....

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he Reply = Dear Rajagopalan sir, thanks for clarification. - Reply By sanjay gupta - The Reply = My credit card issuer clarify as under We would like to clarify that any EMI which is billed on the card is a pure service in relation to credit card ser .....

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