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![Penal Interest and Bouncing Charge received as ‘Consideration’ from Borrowers Are Leviable to Service Tax u/s 66E(e) of the Finance Act: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Penal-Interest-Penal-Interest-and-Bouncing-Charge-Bouncing-Charge-Penal-Interest-and-Bouncing-Charge-received-as-Consideration-taxscan.jpg "Penal Interest and Bouncing Charge received as ‘Consideration’ from Borrowers Are Leviable to Service Tax u/s 66E(e) of the Finance Act: CESTAT [Read Order]")
Penal Interest and Bouncing Charge received as ‘Consideration’ from Borrowers Are Leviable to Service Tax u/s 66E(e) of the Finance Act: CESTAT [Read Order]
The Mumbai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the penal interest and bouncing charge received as...
![Penal Interest due to delay in Payment of Lease amount: ITAT directs to Capitalize under Project Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Penal-Interest-Payment-Lease-amount-ITAT-Project-Expenses-taxscan.jpg "Penal Interest due to delay in Payment of Lease amount: ITAT directs to Capitalize under Project Expenses [Read Order]")
![Supreme Court bars Charging Compound Interest/Penal Interest On Borrower During Moratorium [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Supreme-Court-Compound-Interest-Penal-Interest-Borrower-Moratorium-Taxscan.jpeg "Supreme Court bars Charging Compound Interest/Penal Interest On Borrower During Moratorium [Read Judgment]")
![CBIC issues Clarification on Applicability of GST on Additional / Penal Interest [Read Circular]](https://www.taxscan.in/wp-content/uploads/2018/12/CBIC.jpg "CBIC issues Clarification on Applicability of GST on Additional / Penal Interest [Read Circular]")
RBI Notifies Levy of Penal Interest on Banks for Delayed Reporting of Transactions [Read Notification]
The Reserve Bank of India ( RBI ), on Friday, issued a notification regarding levy of penal interest on the Banks for delayed reporting of transactions. Presently, penal interest is levied for all...
