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Valauation on credit card income

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(Querist)
06 August 2012 1) If I am being charged Rs 500 by Credit card company as processing fees, will I have to pay SErvice Tax extra?

2) If I am charged interest of 2% per month on delayed payments will it also carry serice tax component by credit card companies?

3) If I take a loan by using credit card then is my epayment of loan with inclusive of service tax?

4) Is insurance charged on Credit card subject to service tax?
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Amol S Joglekar

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Amol S Joglekar (Expert)
06 August 2012 Normally, service receiver in this case i.e. credit card holder does not have to pay any service tax.

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