https://www.taxtmi.com/article/detailed?id=11753 Penal interest and cheque bounce charges levied by an NBFC are not consideration for tolerating an act and therefore are not subject to service tax; such charges are penal in nature and legislative and administrative exclusions treating delayed payment interest and dishonour fines as non service receipts support that characterization. en-us Mon, 21 Aug 2023 10:14:23 +0530 Mon, 21 Aug 2023 10:14:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11753 Penal interest and cheque bounce charges levied by an NBFC are not consideration for tolerating an act and therefore are not subject to service tax; such charges are penal in nature and legislative and administrative exclusions treating delayed payment interest and dishonour fines as non service receipts support that characterization. Articles Service Tax Mon, 21 Aug 2023 10:14:23 +0530 https://www.taxtmi.com/article/detailed?id=11753