Will Service Tax be charged on interest received for delayed payment from service receivers?
S.t on interest received for delayed payment
subham saharia (Entrepreneur) (41 Points)
14 April 2014
subham saharia (Entrepreneur) (41 Points)
14 April 2014Will Service Tax be charged on interest received for delayed payment from service receivers?
Sumit Grover
(Chartered Accountant )
(3652 Points)
Replied 14 April 2014
No....the same has been specifically excluded by rule 6(2)(iv) of Service tax(determination of value) rules, 2006.
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