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Service tax applicability

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 July 2015 Dear Experts
Our company is collecting rent from our customers and also collecting service tax on such rent. As per the agreement if the client pays the rent after the due date the company collects a charge (penalty). Is service tax is applicable on such penalty ??
Is service tax is applicable on security deposit collected from client ??
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
03 July 2015 No service tax applicable on such penalty.
Refer F.No. 137/25/2011 service tax Dt.03-08-2011 CBEC.
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