https://www.taxtmi.com/caselaws?id=798712 Interest on genuine EMI loans or advances, including compensatory or penal interest for delayed instalments, is consideration for the use of money rather than a separate credit-card or tolerance service. Routing disbursal, accounting or recovery through a credit-card account does not alter the transaction's substantive character as a bilateral loan. Such interest remains excluded from service-tax value before 1 July 2012 and falls within the negative-list treatment of lending thereafter. Extended limitation and penalties do not apply where the dispute is interpretational, transactions were recorded and disclosed, and fraud, wilful misstatement, suppression or intent to evade tax is not established. en-us Mon, 07 Sep 2026 00:00:00 +0530 Fri, 11 Sep 2026 08:13:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798712 Interest on genuine EMI loans or advances, including compensatory or penal interest for delayed instalments, is consideration for the use of money rather than a separate credit-card or tolerance service. Routing disbursal, accounting or recovery through a credit-card account does not alter the transaction's substantive character as a bilateral loan. Such interest remains excluded from service-tax value before 1 July 2012 and falls within the negative-list treatment of lending thereafter. Extended limitation and penalties do not apply where the dispute is interpretational, transactions were recorded and disclosed, and fraud, wilful misstatement, suppression or intent to evade tax is not established. Case-Laws Service Tax Mon, 07 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798712