https://www.taxtmi.com/article/detailed?id=826 Interest and finance charges on delayed credit card payments are elements of lending and fall under banking and financial services; interest charged on loans is excluded from taxable value under the service tax valuation rules, so service tax cannot be imposed on interest payments, only on explicit fees such as administrative charges, processing fees, commissions or other service charges. en-us Wed, 16 Jun 2010 11:07:23 +0530 Thu, 17 Jun 2010 10:53:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=826 Interest and finance charges on delayed credit card payments are elements of lending and fall under banking and financial services; interest charged on loans is excluded from taxable value under the service tax valuation rules, so service tax cannot be imposed on interest payments, only on explicit fees such as administrative charges, processing fees, commissions or other service charges. Articles Service Tax Wed, 16 Jun 2010 11:07:23 +0530 https://www.taxtmi.com/article/detailed?id=826