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Service Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

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

Service Tax

March 6, 2018

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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