https://www.taxtmi.com/highlights?id=68707 Levy of Service Tax - banking and other financial services - Seed Capital Assistance Scheme - Though the term used in ‘service charge’ but the underlying nature of the 1% and 10% is nothing but interest on the seed capital loan, extended to the entrepreneurs. Therefore the same is not liable to service tax. - AT en-us Tue, 14 Mar 2023 08:58:17 +0530 Tue, 14 Mar 2023 08:58:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68707 Levy of Service Tax - banking and other financial services - Seed Capital Assistance Scheme - Though the term used in ‘service charge’ but the underlying nature of the 1% and 10% is nothing but interest on the seed capital loan, extended to the entrepreneurs. Therefore the same is not liable to service tax. - AT Highlights Service Tax Tue, 14 Mar 2023 08:58:17 +0530 https://www.taxtmi.com/highlights?id=68707