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Service Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

Credit availed on exempted services - interest earned by the ...

Service Tax

November 2, 2015

Credit availed on exempted services - interest earned by the bank on loans and advances, whether it is exempted service or taxable service - for the banking and financial institution under Rule 6(3) (D) the provision was available for straight 50% reversal of interest. - AT

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