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Service Tax - Highlights / Catch Notes

Home Highlights October 2018 Year 2018 This

Classification of services - Club/Association Service or not - ...


Interest on Installments for Club/Association Services Not Taxable Under Current Tax Rules; Seen as Financial Arrangement.

October 1, 2018

Case Laws     Service Tax     AT

Classification of services - Club/Association Service or not - interest on instalments is only a financial arrangement for the deferred payment which is only to set-off any financial loss on account of deferred payment and that this kind of interest is not a taxable entity under the tax net.

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