17 October 2013
If assessee is an individual and engaged in the business of financing purchase of goods on Hire Purchase, will Service Tax provisions apply on interest received in this?
17 October 2013
Yes i am giving the reply of your query....as you are engaged in hire purchase service (and not letting out house property for residential purpose) so your service is taxable.
17 October 2013
okay....you mean every service provided by an individual except renting of property of House property for residential purpose is under the ambit of service tax.
and what about the abatement of 10% mam, can it be availed?
17 October 2013
Mam, if possible, can you please give me some reference in the law or some case laws on the applicability of the provisions in this case.
CAclubindia
