Service tax applicability on financial institutes
This query is : Resolved
18 May 2013
I am not able to clear myself on provisions applicable to interest on loans and advances by financial institutions in relation to service tax.
Can any one guide me on this subject.
Thank you
Can any one guide me on this subject.
Thank you
21 May 2013
Interest on loans and advances is not exigible to service tax as same is included in negative list. Sec 66D (n)(i).
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