SERVICE TAX ON NBFC

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....ERVICE TAX ON NBFC<br> Query (Issue) Started By: - NITIN GARG Dated:- 20-5-2014 Last Reply Date:- 22-5-2014 Service Tax<br>Got 2 Replies<br>Service Tax<br>DEAR SIR One of my client is running a NBFC,....

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.... he is having income from Interest from loan/ hypothecation transactions, does it chargeable to service tax under banking and financial services or not. Reply By Madhukar N Hiregange: The Reply: On ....

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....interest there is no liability. Other incomes maybe subjected to ST Reply By Pradeep Khatri: The Reply: Dear Nitin, Earning interest is not treated at par with providing/receiving services, therefo....

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....re, no service tax would be leviable. Regards Team YAGAY & SUN (Management & Indirect Taxation Consultants)<br> Discussion Forum - Knowledge Sharing ....