https://www.taxtmi.com/article/detailed?id=1621 Sale of loan portfolios via assignment or securitization is a transfer of assets and the premium on sale is treated as income from sale, not a taxable service; separately charged administration, processing, registration, membership, servicing and hire fees constitute consideration for services and, if falling within the taxable definitions for banking and other financial services, attract service tax. Whether post transfer collection or servicing constitutes a taxable service depends on contractual terms, allocation of risks, and whether the activity is performed 'on behalf of' the assignee. en-us Fri, 09 Mar 2012 18:34:51 +0530 Fri, 09 Mar 2012 18:34:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1621 Sale of loan portfolios via assignment or securitization is a transfer of assets and the premium on sale is treated as income from sale, not a taxable service; separately charged administration, processing, registration, membership, servicing and hire fees constitute consideration for services and, if falling within the taxable definitions for banking and other financial services, attract service tax. Whether post transfer collection or servicing constitutes a taxable service depends on contractual terms, allocation of risks, and whether the activity is performed 'on behalf of' the assignee. Articles Service Tax Fri, 09 Mar 2012 18:34:51 +0530 https://www.taxtmi.com/article/detailed?id=1621