service tax on operating lease of auto rickshaws
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....ervice tax on operating lease of auto rickshaws<br> Query (Issue) Started By: - satbir singh wahi Dated:- 2-6-2012 Last Reply Date:- 8-9-2012 Service Tax<br>Got 4 Replies<br>Service Tax<br>NBFC WANTS ....
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....TO LEASE OUT AUTO RICKSHAWS AS OPERATING LEASE. WHETHER THERE IS SERVICE TAX ON INTEREST PAYMENTS. BUT ON HYPOTHECATION OF ASSETS , INTEREST INCOME , NO SERVICE TAX IS PAID BY BANKS. PLEASE CLARIFY. ....
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.... Reply By ALOK GUPTA: The Reply: Your question is not supported by full facts & figures. Interest payment is out of ambit of service tax. How does hypothecation of assests & interest income come into....
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.... picture. What is the nexus between NBFC & banks? Whether you compare the service rendered by an NBFC & a Bank? Which amount, to come under tax purview, is being sought for? [Views expressed are indi....
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....vidual in nature] Reply By satbir singh wahi: The Reply: NBFC WANTS TO LEASE OUT AUTO RICKSHAWS AS OPERATING LEASE. WHETHER THERE IS SERVICE TAX ON INTEREST INCOME EARNED ON OPERATING LEASE OF AUTOR....
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....ICKSHAWS. Reply By Vijay Chitte: The Reply: As per Notification 04/2006-ST, w.e.f. 01.03.2006 service tax will be payable only on 10% of Interest plus management fees / Documentation charges/ proces....
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....sing fees in case of hire purchase and leasing. Reply By Rajeev Gupta: The Reply: Service Tax is not leviable in case of OPERATING lease.<br> Discussion Forum - Knowledge Sharing ....