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Court Evaluates Subvention Income Classification for Service Tax under Business Auxiliary Services; Prepayment Charges Excluded as Interest.

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Full Text of the Document

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....Classification of services - Business Auxiliary Services or not - amounts received by the Appellants from the vehicle manufacturer/ dealer and accounted by them in their book of accounts as subvention income - the prepayment charges can never be considered to be in the nature of interest - AT....