service tax
This query is : Resolved
07 March 2009
Dear Sir,
Want to know that on Demand Draft making charge, Service tax would be charged or not.
with regards
santosh kumar
Want to know that on Demand Draft making charge, Service tax would be charged or not.
with regards
santosh kumar
Ankit Dawar
(Expert)
07 March 2009
With effect from 10.9.2004, the scope of service under service category of "Banking and Financial Service" is widened to include lending, issue of pay order, demand draft, cheque, letter of credit, bill of exchange.
Thus, Service tax would be leviable on the commission or service charges charged by Bank for issuing demand draft under service category of "Banking and Financial Service".
Thus, Service tax would be leviable on the commission or service charges charged by Bank for issuing demand draft under service category of "Banking and Financial Service".
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