Is service tax apllicable for Charges received on Demand Draft

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....s service tax apllicable for Charges received on Demand Draft<br> Query (Issue) Started By: - nilesh akotkar Dated:- 16-11-2014 Last Reply Date:- 16-11-2014 Service Tax<br>Got 1 Reply<br>Service Tax<b....

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....r>Dear Sir Is service tax applicable?, If we are taken demand draft charges from client and Demand draft is above &#8377; 15 lacks in the financial year and charges taken is above &#8377; 50000.00 R....

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....eply By Rajagopalan Ranganathan: The Reply: Dear Nilesh, Banks are liable to pay service tax on it other income like guarantee charges, LC/DD charges, loan processing fees, inspection charges, cheq....

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....ue return charges, foreign exchange commission charges, remittance charges, account maintenance charges, etc. As per para 4.14.1 of Taxation of Services an Education Guide by CBEC &quot;therefore serv....

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....ice tax would be levied on service charges normally charged for various transactions in money including charges for making drafts, letter of credit issuance charges, service charges relating to issuan....

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