https://www.taxtmi.com/highlights?id=24347 Waiver of pre deposit - differential interest - It was taken note of by the Revenue that appellants grant loans to the borrowers and build portfolio of loan. These portfolios of loans are sold to other financial institutions by assigning the entire asset. - There is no logic in taking a view that in such a situation assignee is not liable to pay service tax - AT en-us Fri, 21 Aug 2015 15:14:00 +0530 Fri, 21 Aug 2015 15:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=24347 Waiver of pre deposit - differential interest - It was taken note of by the Revenue that appellants grant loans to the borrowers and build portfolio of loan. These portfolios of loans are sold to other financial institutions by assigning the entire asset. - There is no logic in taking a view that in such a situation assignee is not liable to pay service tax - AT Highlights Service Tax Fri, 21 Aug 2015 15:14:00 +0530 https://www.taxtmi.com/highlights?id=24347