Interest subvention by manufacturer

This query is : Resolved 

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Querist : Anonymous

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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.

08 October 2015 This subvention being in the nature interest subsidy service tax not applicable.

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Querist : Anonymous

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

12 October 2015 Interest is in the negative list interest subvention is part of it.


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