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
CA Vijaykumar Gutte
(Expert)
17 February 2015
Charging of interest is not your service hence service tax is not applicable on interest charged for delayed payment.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
