Service tax wrongly levied on Interest/Finance charges

Seetharaman K C , Last updated: 24 June 2010  
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It has come to my notice that several banks are charging service tax on interest and finance charges on credit card payments. In certain cases although the nomenclature is clearly mentioned as Interest still the bank has charged service tax. In this case when I protested about this issue by sendi

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Published by

Seetharaman K C
(Chartered Accountant)
Category Service Tax   Report

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