Applicability of Service tax on Over due Interest Received from Customers

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....pplicability of Service tax on Over due Interest Received from Customers<br> Query (Issue) Started By: - Abraham Wilson Dated:- 29-8-2012 Last Reply Date:- 30-8-2012 Service Tax<br>Got 4 Replies<br>Se....

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....rvice Tax<br>Sir, Recovery of Over due Interest comes under Service tax Net? Please give your opinions on this issue with relevant Staturoty Reference. Reply By Pradeep Khatri: The Reply: No servic....

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....e tax will be applicable on interest. Please check the Negative list, Taxation of Servcies :- An Education Guide, and Mega Notification in this regard. Reply By Abraham Wilson: The Reply: Sir Thank....

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....s for your reply. As per Sec.66D(n)(i) - Services by way of Extending Loans in under the Negative List. But Shall we taken Delayed Payment Interest as a Loan given to Customer? Is It Right? Please ....

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....give your inputs. Reply By Pradeep Khatri: The Reply: Kindly refer Rule 6 of the Valuation Rule :- Interest for delayed payment of any consideration for the sale of goods or provision of service has....

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.... been specifically excluded. Reply By Abraham Wilson: The Reply: Thank You Sir<br> Discussion Forum - Knowledge Sharing ....