SERVICE TAX ON NBFC

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..... SERVICE TAX ON NBFC
Query (Issue) Started By: - NITIN GARG Dated:- 20-5-2014 Last Reply Date:- 22-5-2014 Service Tax
Got 2 Replies
Service Tax
DEAR SIR One of my client is running a NBFC .....

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..... , he is having income from Interest from loan/ hypothecation transactions, does it chargeable to service tax under banking and financial services or not. Reply By Madhukar N Hiregange: The Reply: On .....

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..... interest there is no liability. Other incomes maybe subjected to ST Reply By Pradeep Khatri: The Reply: Dear Nitin, Earning interest is not treated at par with providing/receiving services, theref .....

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..... ore, no service tax would be leviable. Regards Team YAGAY & SUN (Management & Indirect Taxation Consultants)
Discussion Forum - Knowledge Sharing .....

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