https://www.taxtmi.com/highlights?id=69647 Non payment of service tax - Banking and other financial services - f penal charges arises on account of a separate cause of action which is independent of lending services rendered by the appellant. - the amounts collected as penalty/penal charges penal charges are not chargeable to service tax as the same are not ‘consideration’ under the finance Act, - AT en-us Mon, 08 May 2023 07:36:00 +0530 Mon, 08 May 2023 07:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=69647 Non payment of service tax - Banking and other financial services - f penal charges arises on account of a separate cause of action which is independent of lending services rendered by the appellant. - the amounts collected as penalty/penal charges penal charges are not chargeable to service tax as the same are not ‘consideration’ under the finance Act, - AT Highlights Service Tax Mon, 08 May 2023 07:36:00 +0530 https://www.taxtmi.com/highlights?id=69647