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Abatement - Financial leasing including hire purchase

Service Tax - Abatement, Composite Rate of Tax, and Valuation Scheme for specified services - 001 - Sr. No. 1 Financial leasing including hire purchase W.e.f. 1.7.2012 Scope of abated service - Notification no 26/2012-ST dated 20.6.2012 From 1.4.2012 .....

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senting as interest, i.e. the difference between the installments paid towards repayment of the lease amount and the principal amount contained in such installments; (ii) the exemption shall not apply to an amount, other than an amount forming or rep .....

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