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Applicability of service tax

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(Querist)
08 November 2012 is service tax applicable on a non banking finance company who used to finance the vehicles and takes the loan back in equal instalments along with interest.
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Madhukar N Hiregange

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Madhukar N Hiregange (Expert)
09 November 2012 Yes on the income excluding the interest such as documentation fees etc.
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