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Service tax is imposed on interest charge for delayed paymen

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 February 2015 I am charging Interest for delayed Payment received from my vendor ,so i will be liable to charge service tax on interest amount.or i should not charge service tax on interest amount recieved for delayed payment recieved ...Is there is any case Law for that.

Thanks in Advance
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CA Vijaykumar Gutte

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CA Vijaykumar Gutte (Expert)
17 February 2015 Charging of interest is not your service hence service tax is not applicable on interest charged for delayed payment.

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