https://www.taxtmi.com/manuals?id=1540 Abatement for financial leasing including hire purchase prescribes an effective service tax rate of ten percent of the tax under section 66B, with valuation limited to the interest component (installment difference between payments and principal). Non-interest charges such as lease management, processing, documentation and administrative fees do not qualify for the abatement and must be added to the taxable value. en-us Sat, 16 Jul 2016 15:13:00 +0530 Fri, 22 Jul 2016 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1540 Abatement for financial leasing including hire purchase prescribes an effective service tax rate of ten percent of the tax under section 66B, with valuation limited to the interest component (installment difference between payments and principal). Non-interest charges such as lease management, processing, documentation and administrative fees do not qualify for the abatement and must be added to the taxable value. Manuals Service Tax Sat, 16 Jul 2016 15:13:00 +0530 https://www.taxtmi.com/manuals?id=1540