https://www.taxtmi.com/news?id=481 Applicability of service tax to pre closure or fore closure charges is contested: revenue authorities treat such charges as not being interest but as consideration for a taxable service, leading to show cause notices and appeals; a departmental clarification affirms that fore closure/pre closure charges are liable to service tax, exposing lenders to assessment and classification risk. en-us Sun, 22 Jun 2008 22:54:42 +0530 Mon, 23 Jun 2008 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=481 Applicability of service tax to pre closure or fore closure charges is contested: revenue authorities treat such charges as not being interest but as consideration for a taxable service, leading to show cause notices and appeals; a departmental clarification affirms that fore closure/pre closure charges are liable to service tax, exposing lenders to assessment and classification risk. News - Sun, 22 Jun 2008 22:54:42 +0530 https://www.taxtmi.com/news?id=481