service tax

This query is : Resolved 

07 March 2009 Dear Sir,

Want to know that on Demand Draft making charge, Service tax would be charged or not.

with regards

santosh kumar

07 March 2009 With effect from 10.9.2004, the scope of service under service category of "Banking and Financial Service" is widened to include lending, issue of pay order, demand draft, cheque, letter of credit, bill of exchange.

Thus, Service tax would be leviable on the commission or service charges charged by Bank for issuing demand draft under service category of "Banking and Financial Service".


07 March 2009 Thanks Sir




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