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BANKING AND FINANCIAL SERVICE

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(Querist)
30 October 2009 WHETHER THE LOAN PROCESSING FEES COLLECTED BY THE BANK AT TIME OF SANTION OF LOAN IS LIABLE FOR SERVICE TAX UNDER THE SERVICE OF BANKING AND OTHER FINACIAL SERVICE.
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BALU V

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BALU V (Expert)
31 October 2009 The service rendered by you is taxable not under BFN but under BAS
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Madhukar N Hiregange

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Madhukar N Hiregange (Expert)
01 November 2009 Yes under banking and financial services.
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BALU V

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BALU V (Expert)
01 November 2009 I don't get your answer Mr.Hiregange. I think it is taxable under BAS. What is your opinion.
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SIDDHARTHA SANKAR ROY

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SIDDHARTHA SANKAR ROY (Expert)
10 November 2009 Mr Hiregange is correct it is taxable under Banking and other financial services.

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