Service Tax on Bank int.(credit card)
This query is : Resolved
09 December 2010
Dear Sir
A person has taken loan from Credit card.
Bank is charging int. every month.
On int. they are charging Service Tax @ 10.3%
Bank has to charge ser.tax on service charges only.
Than why they are charging on int. components?
Thx
Anwar
07798449786
A person has taken loan from Credit card.
Bank is charging int. every month.
On int. they are charging Service Tax @ 10.3%
Bank has to charge ser.tax on service charges only.
Than why they are charging on int. components?
Thx
Anwar
07798449786
12 December 2010
you should ask them. Maybe as a measure of abundant caution. ST on interest specially excluded
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