https://www.taxtmi.com/forum/issue?id=4211 The query concerns whether an NBFC must pay service tax on interest income from operating leases of auto rickshaws. The discussion distinguishes operating leases-which are indicated as not leviable to service tax-from hire purchase and leasing arrangements, for which notified provisions render a limited component of interest plus ancillary fees (management, documentation, processing) taxable. en-us Sat, 02 Jun 2012 11:50:41 +0530 Thu, 23 Jan 2025 15:58:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4211 The query concerns whether an NBFC must pay service tax on interest income from operating leases of auto rickshaws. The discussion distinguishes operating leases-which are indicated as not leviable to service tax-from hire purchase and leasing arrangements, for which notified provisions render a limited component of interest plus ancillary fees (management, documentation, processing) taxable. Discussion-Forum Service Tax Sat, 02 Jun 2012 11:50:41 +0530 https://www.taxtmi.com/forum/issue?id=4211