https://www.taxtmi.com/forum/issue?id=1776 Dispute whether service tax can be imposed on notional interest attributable to refundable interest-free security deposits taken for locker services when only a token rent is charged. One expert rejects adding notional interest, emphasising taxable value is charges actually received and deposits are refundable. Another view warns revenue may treat foregone interest as hidden consideration, invoke valuation rules and issue a show cause notice; no settled judicial authority exists and the issue is fact-sensitive. en-us Sat, 13 Feb 2010 19:31:18 +0530 Thu, 23 Jan 2025 15:58:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1776 Dispute whether service tax can be imposed on notional interest attributable to refundable interest-free security deposits taken for locker services when only a token rent is charged. One expert rejects adding notional interest, emphasising taxable value is charges actually received and deposits are refundable. Another view warns revenue may treat foregone interest as hidden consideration, invoke valuation rules and issue a show cause notice; no settled judicial authority exists and the issue is fact-sensitive. Discussion-Forum Service Tax Sat, 13 Feb 2010 19:31:18 +0530 https://www.taxtmi.com/forum/issue?id=1776