Service Tax not Leviable on Delayed Payment Charges Collected from Customers wef 01.07.2012: CESTAT [Read Order]

Service Tax - Service Tax not Leviable on Delayed Payment - Payment - Charges - Customers - CESTAT - taxscan

The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), ruled that service tax not leviable on delayed payment charges collected from customers wef 01.07.2012 The Appellant, M/s. Cholamandalam Investment & Finance Company Ltd. (CIFCL) are engaged in the business of financing activities such as automobile financing, consumer loan, loans against securities…

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