Valuation - nature of pre-pay penalty towards foreclosure of ...

Case Laws Service Tax

August 26, 2019

Valuation - nature of pre-pay penalty towards foreclosure of credit facility (loan) - in the nature of interest or not - The charges which were collected towards the goods not actually lifted by the buyer were held not to be added to the value of the goods that were actually lifted by the buyer - In the case of services, which are intangible in nature the same principle cannot apply.

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Valuation - nature of pre-pay penalty towards foreclosure of ...

Case Laws Service Tax

August 26, 2019

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