Service tax on Interest on Hypothecation

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..... A NBFC is financing Motorcycles , under hypothecation agreement , all income receipts are accounted as Interest income .Whether they are subject to service tax ? As banks are exempt , so they shoul .....

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..... d be. - Reply By Pradeep Khatri - The Reply = Though Banks re exempted to pay the service tax on the Interest portion, but there is no such exemption available to Non Banking Finance Companies. Ple .....

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..... ase check the Negative list as well as Mega Exemption Notification in this regard before taking any option whether to pay or not the service tax? - Service tax on Interest on Hypothecation - Query S .....

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..... tarted By: - satbir singh wahi Dated:- 26-12-2012 Service Tax - Got 1 Reply - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - tax .....

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..... managementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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