Re: [AI] Query regarding Service Tax and other charges.
Yes, service tax is levied on all bank charges unless the services are covered under negative list. Since failure charges on standing instructions are not so covered, they are taxable. I think, The charges on such services vary from bank to bank. Percentage of service tax is similar to other transactions that is 14.5% Register at the dedicated AccessIndia list for discussing accessibility of mobile phones / Tabs on: http://mail.accessindia.org.in/mailman/listinfo/mobile.accessindia_accessindia.org.in Search for old postings at: http://www.mail-archive.com/accessindia@accessindia.org.in/ To unsubscribe send a message to accessindia-requ...@accessindia.org.in with the subject unsubscribe. To change your subscription to digest mode or make any other changes, please visit the list home page at http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in Disclaimer: 1. Contents of the mails, factual, or otherwise, reflect the thinking of the person sending the mail and AI in no way relates itself to its veracity; 2. AI cannot be held liable for any commission/omission based on the mails sent through this mailing list..
[AI] Query regarding Service Tax and other charges.
Dear All, Sorry if it's off-topic. I've some queries regarding Service Tax and other charges levied by banks. 1. Is Service Tax levied on charges like Standing Instruction Failure Charges? 2. If yes, what's the percentage of Service Tax to be levied on Standing Instruction Failure Charges? Thanks and regards. -- కాకర్ల నాగేశ్వరయ్య K. Nageswaraiah Register at the dedicated AccessIndia list for discussing accessibility of mobile phones / Tabs on: http://mail.accessindia.org.in/mailman/listinfo/mobile.accessindia_accessindia.org.in Search for old postings at: http://www.mail-archive.com/accessindia@accessindia.org.in/ To unsubscribe send a message to accessindia-requ...@accessindia.org.in with the subject unsubscribe. To change your subscription to digest mode or make any other changes, please visit the list home page at http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in Disclaimer: 1. Contents of the mails, factual, or otherwise, reflect the thinking of the person sending the mail and AI in no way relates itself to its veracity; 2. AI cannot be held liable for any commission/omission based on the mails sent through this mailing list..
