https://www.taxtmi.com/article/detailed?id=1542 Service tax applies to services by recovery agents related to recovery of sums due to banks, financial institutions, NBFCs, bodies corporate and firms; the gross amount charged is taxable. The taxable activity must be a service provided by any person to those specified recipients and relate to recovery of sums due, regardless of manner. Recovery of assets unrelated to debt is generally excluded, but recovery of assets offered as security for sums due is covered. Recovery agencies are treated as assessees liable for service tax. en-us Tue, 20 Dec 2011 13:45:21 +0530 Tue, 20 Dec 2011 13:45:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1542 Service tax applies to services by recovery agents related to recovery of sums due to banks, financial institutions, NBFCs, bodies corporate and firms; the gross amount charged is taxable. The taxable activity must be a service provided by any person to those specified recipients and relate to recovery of sums due, regardless of manner. Recovery of assets unrelated to debt is generally excluded, but recovery of assets offered as security for sums due is covered. Recovery agencies are treated as assessees liable for service tax. Articles Service Tax Tue, 20 Dec 2011 13:45:21 +0530 https://www.taxtmi.com/article/detailed?id=1542