Valauation on credit card income
This query is : Resolved
06 August 2012
1) If I am being charged Rs 500 by Credit card company as processing fees, will I have to pay SErvice Tax extra?
2) If I am charged interest of 2% per month on delayed payments will it also carry serice tax component by credit card companies?
3) If I take a loan by using credit card then is my epayment of loan with inclusive of service tax?
4) Is insurance charged on Credit card subject to service tax?
2) If I am charged interest of 2% per month on delayed payments will it also carry serice tax component by credit card companies?
3) If I take a loan by using credit card then is my epayment of loan with inclusive of service tax?
4) Is insurance charged on Credit card subject to service tax?
Amol S Joglekar
(Expert)
06 August 2012
Normally, service receiver in this case i.e. credit card holder does not have to pay any service tax.
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