https://www.taxtmi.com/highlights?id=69255 Levy of Service tax - re-instatement interest collected on lapsed insurance policy - The manner in which interest has to be paid is governed by the terms of contract agreed between the parties. The department cannot, therefore, urge that since uniform rate of interest has not been levied, the amount collected would not partake the character of “interest” but would be in the nature of administrative/processing fee. - AT en-us Mon, 17 Apr 2023 08:05:36 +0530 Mon, 17 Apr 2023 08:05:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=69255 Levy of Service tax - re-instatement interest collected on lapsed insurance policy - The manner in which interest has to be paid is governed by the terms of contract agreed between the parties. The department cannot, therefore, urge that since uniform rate of interest has not been levied, the amount collected would not partake the character of “interest” but would be in the nature of administrative/processing fee. - AT Highlights Service Tax Mon, 17 Apr 2023 08:05:36 +0530 https://www.taxtmi.com/highlights?id=69255