TMI BlogBanking and Other Financial Services - delayed payment charges collected from the borrowers who made...Banking and Other Financial Services - delayed payment charges collected from the borrowers who made loan repayments belatedly ie beyond the period stipulated in the agreement - declared service in the light of section 66E(e) of the Finance Act, 1994 or not. - the service tax could not be levied on ‘delayed payment charges’ collected by the appellant from their customers from 01.07.2012 also. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
|