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Service tax on loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 October 2011 Dear Experts

We given some amount to our Group Company.
For that Every month we are raising Invoice for Interest portion(Debit Interest).

Can you suggest any Service tax applicable for this?
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CA Nikhil Jhanwar

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CA Nikhil Jhanwar (Expert)
10 October 2011 Interest on Loan component is specifically excluded from levy of service tax under Valuation Rules of Service tax.

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