Court Evaluates Subvention Income Classification for Service Tax under Business Auxiliary Services; Prepayment Charges Excluded as Interest.

Classification of services - Business Auxiliary Services or not - amounts received by the Appellants from the vehicle manufacturer/ dealer and accounted by them in their book of accounts as subvention income - the prepayment charges can never be considered to be in the nature of interest - AT .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X