Whether it is service or not ?
This query is : Resolved
19 October 2012
If bank is charging share transfer fee for transferring share from 1 share holder to other than whether it is a service and bank has to pay service tax on that fee or not ? it is a service or not ?
Dintakurthi Tirumala
(Expert)
19 October 2012
Yes, it is service. Every transaction making by the bank and earning some charges or commission income from such transactions by bank will liable for service tax.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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