TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Service Tax Exemption on Interest in Hire Purchase Agreements Issued in 2006, Rescinded in 2012</h1> The Central Government, under the Finance Act of 1994, issued Notification No. 04/2006-ST on March 1, 2006, exempting service tax on the interest portion of installments paid under hire purchase agreements. This exemption applies to financial leasing services, including equipment leasing and hire-purchase, by excluding service tax on 90% of the interest component of the installment. However, the exemption does not cover other charges like lease management fees or processing fees. This notification was later rescinded by Notification No. 34/2012-ST on June 20, 2012.
TaxTMI 
TaxTMI 
