Levy of service tax - receipt of commitment charges - commitment ...

Service Tax Not Applicable on Commitment Charges Seen as Interest on Unused Credit, Not Guarantee Commission.

March 6, 2018

Case Laws Service Tax AT

Levy of service tax - receipt of commitment charges - commitment charges are in the nature of interest on unutilized portion of credit facilities - merely by accounting the same as guarantee commission, the amount received cannot be subjected to levy of service tax if the nature of the amount received is not a commission but interest of unused credit. - AT

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Levy of service tax - receipt of commitment charges - commitment ...

Service Tax Not Applicable on Commitment Charges Seen as Interest on Unused Credit, Not Guarantee Commission.

March 6, 2018

Case Laws Service Tax AT

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