Is service tax apllicable for Charges received on Demand Draft

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Is service tax apllicable for Charges received on Demand Draft
Query (Issue) Started By: - nilesh akotkar Dated:- 16-11-2014 Last Reply Date:- 16-11-2014 Service Tax
Got 1 Reply
Service Tax< .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... br>Dear Sir Is service tax applicable?, If we are taken demand draft charges from client and Demand draft is above ₹ 15 lacks in the financial year and charges taken is above ₹ 50000.00 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Reply By Rajagopalan Ranganathan: The Reply: Dear Nilesh, Banks are liable to pay service tax on it other income like guarantee charges, LC/DD charges, loan processing fees, inspection charges, che .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... que return charges, foreign exchange commission charges, remittance charges, account maintenance charges, etc. As per para 4.14.1 of Taxation of Services an Education Guide by CBEC "therefore ser .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... vice tax would be levied on service charges normally charged for various transactions in money including charges for making drafts, letter of credit issuance charges, service charges relating to issua .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nce of CDs/CPs etc.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X