Negative list
This query is : Resolved
27 September 2012
Sir
Is interest is in the negative list of service tax ?
SANTHOSH
Is interest is in the negative list of service tax ?
SANTHOSH
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
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.
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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