https://www.taxtmi.com/circulars?id=11238 Delayed payment charges imposed for late payments are penal in nature and do not form part of the consideration for taxable services, and thus are not includible in taxable value. However, service tax is chargeable on the gross amount charged, so if invoices or account statements do not show delayed payment charges separately, the tax must be applied to the entire gross amount; these charges are excluded from taxable value only when separately indicated in billing documentation. en-us Wed, 03 Aug 2011 00:00:00 +0530 Sat, 07 Jan 2012 15:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11238 Delayed payment charges imposed for late payments are penal in nature and do not form part of the consideration for taxable services, and thus are not includible in taxable value. However, service tax is chargeable on the gross amount charged, so if invoices or account statements do not show delayed payment charges separately, the tax must be applied to the entire gross amount; these charges are excluded from taxable value only when separately indicated in billing documentation. Circulars Service Tax Wed, 03 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11238