Service Tax on secondary interest

Queries 447 views 1 replies

Dear All,

I would like to know if Service Tax is payable on interest if the same has been levied on a Taxable service, as a fine for delayed payment?

Thanking You for your time

Tushar Singhania

Replies (1)

yes, gross receipt amount is subject to service tax.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register