Interest subvention by manufacturer

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
08 October 2015 I am dealer of manufacturing company and manufacturer has offset interest charged by NBFC under interest subvention head and deducted 10% TDS on subvention amount, will this subvention amount attract service tax or not.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
08 October 2015 This subvention being in the nature interest subsidy service tax not applicable.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 October 2015 But Interest subvention is not in the negative list of Service tax.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
12 October 2015 Interest is in the negative list interest subvention is part of it.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Trending Online Classes

view all classess

Follow us


Answer Query



Quick Links



Browse by Category