Service tax is imposed on interest charge for delayed paymen
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 February 2015
I am charging Interest for delayed Payment received from my vendor ,so i will be liable to charge service tax on interest amount.or i should not charge service tax on interest amount recieved for delayed payment recieved ...Is there is any case Law for that.
Thanks in Advance
Thanks in Advance
17 February 2015
Charging of interest is not your service hence service tax is not applicable on interest charged for delayed payment.
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