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Negative list

This query is : Resolved 
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(Querist)
27 September 2012 Sir

Is interest is in the negative list of service tax ?

SANTHOSH
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CA Suresh Jain

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CA Suresh Jain (Expert)
27 September 2012 Interest is not in negative list but please note that interest is not a consideration for service provided and therefore, not liable for service tax
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PR.Santhosh

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PR.Santhosh (Querist)
28 September 2012 Sir

Thanks for the reply. My credit card statement always shows ST for interest. If interest is not a service, shall I dispute the same and approach any authority for the charges.
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