https://www.taxtmi.com/forum/issue?id=4615 Recovery of overdue or delayed payment interest from customers is not subject to service tax. The Negative List exemption for services by way of extending loans does not mean delayed payment interest should be treated as a loan service. Rule 6 of the Service Tax Valuation Rules specifically excludes interest for delayed payment of consideration for sale of goods or provision of services from the taxable value. en-us Wed, 29 Aug 2012 15:07:49 +0530 Thu, 23 Jan 2025 15:57:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4615 Recovery of overdue or delayed payment interest from customers is not subject to service tax. The Negative List exemption for services by way of extending loans does not mean delayed payment interest should be treated as a loan service. Rule 6 of the Service Tax Valuation Rules specifically excludes interest for delayed payment of consideration for sale of goods or provision of services from the taxable value. Discussion-Forum Service Tax Wed, 29 Aug 2012 15:07:49 +0530 https://www.taxtmi.com/forum/issue?id=4615