BANKING AND FINANCIAL SERVICE
This query is : Resolved
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.
31 October 2009
The service rendered by you is taxable not under BFN but under BAS
Madhukar N Hiregange
(Expert)
01 November 2009
Yes under banking and financial services.
01 November 2009
I don't get your answer Mr.Hiregange. I think it is taxable under BAS. What is your opinion.
10 November 2009
Mr Hiregange is correct it is taxable under Banking and other financial services.
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