https://www.taxtmi.com/article/detailed?id=5644 Section 66D(n) exempts services of extending deposits, loans or advances only when the consideration is paid by way of interest as defined in section 65B(30); interest relating to activities outside that class remains service-taxable. Under Rule 6(2)(iv) of the Valuation Rules, interest on delayed payment is excluded from taxable value and thus not included in service tax valuation. en-us Fri, 30 May 2014 09:15:34 +0530 Fri, 30 May 2014 09:15:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5644 Section 66D(n) exempts services of extending deposits, loans or advances only when the consideration is paid by way of interest as defined in section 65B(30); interest relating to activities outside that class remains service-taxable. Under Rule 6(2)(iv) of the Valuation Rules, interest on delayed payment is excluded from taxable value and thus not included in service tax valuation. Articles Service Tax Fri, 30 May 2014 09:15:34 +0530 https://www.taxtmi.com/article/detailed?id=5644