Exemption to interest on overdraft facility,cash credit facility or discounting of bills, bills of exchange or cheques

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Full Text of the Document

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....ion No. 29/2004-S.T., Dated 22/09/2004] [As amended by notification no. 19/2006 ST dated 25-4-2006] In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts so much of the value of taxable service provided to a customer, by a banking comp....