https://www.taxtmi.com/article/detailed?id=1722 The money concept is broadly defined to include legal tender and instruments such as cheques, promissory notes, letters of credit, drafts, pay orders, traveller cheques, money orders and electronic remittances, excluding numismatic currency, and covers transactions like bank deposits, withdrawals and loan repayments. The interest concept is limited to amounts payable in respect of money borrowed or debt incurred (including deposits or similar rights) and excludes service fees and other charges, distinguishing the narrower service tax scope from a broader direct tax definition. en-us Tue, 15 May 2012 18:34:54 +0530 Tue, 15 May 2012 18:34:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1722 The money concept is broadly defined to include legal tender and instruments such as cheques, promissory notes, letters of credit, drafts, pay orders, traveller cheques, money orders and electronic remittances, excluding numismatic currency, and covers transactions like bank deposits, withdrawals and loan repayments. The interest concept is limited to amounts payable in respect of money borrowed or debt incurred (including deposits or similar rights) and excludes service fees and other charges, distinguishing the narrower service tax scope from a broader direct tax definition. Articles Service Tax Tue, 15 May 2012 18:34:54 +0530 https://www.taxtmi.com/article/detailed?id=1722