Service tax not leviable on penal interest and bounce charges


Last updated: 16 August 2023

Court :
CESTAT, Mumbai

Brief :
The CESTAT, Mumbai, in M/s Bajaj Finance Ltd. v Commissioner of Central Excise and GST [Service Tax Appeal No. 90043 of 2018 dated August 07, 2023] set aside the impugned order and held that the assessee is not receiving penal interest and bouncing charges as a consideration for tolerating an act. Thus, service tax cannot be demanded.

Citation :
Service Tax Appeal No. 90043 of 2018 dated August 07, 2023

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Bimal Jain
Published in GST
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