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Service Tax - Highlights / Catch Notes

Home Highlights March 2023 Year 2023 This

Levy of Service Tax - banking and other financial services - ...

Service Tax

March 14, 2023

Levy of Service Tax - banking and other financial services - Seed Capital Assistance Scheme - Though the term used in ‘service charge’ but the underlying nature of the 1% and 10% is nothing but interest on the seed capital loan, extended to the entrepreneurs. Therefore the same is not liable to service tax. - AT

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