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Service Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Waiver of pre deposit - differential interest - It was taken ...

Service Tax

August 21, 2015

Waiver of pre deposit - differential interest - It was taken note of by the Revenue that appellants grant loans to the borrowers and build portfolio of loan. These portfolios of loans are sold to other financial institutions by assigning the entire asset. - There is no logic in taking a view that in such a situation assignee is not liable to pay service tax - AT

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