is service tax leviable on finance charges
This query is : Resolved
12 March 2008
whether service tax is chargeable on finance charges incase of hire purchase agreement for any equipment like loader,cater piller,truct etc
12 March 2008
Yes finance charges if it is in the form of service fee or documentation charges it will attract service tax, only interest component is exempt
12 March 2008
I agree with Dayal
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