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Unsecured loan

(Querist) 10 December 2009 This query is : Resolved 
Is there any service tax implication on a company lending money to another company, trust or any other person?
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Vineet (Expert) 10 December 2009
The company is not in money lending business and may advance ICDs or other legitimate loans and advances. These do not tantamount to providing service and hence no service tax is applicable.
Raj Kumar Makkad (Expert) 10 December 2009
If the company is negaged in this business then certainly otherwise has no liability.
joyce (Expert) 10 December 2009
I agree with Vineet.
N RAMESH. (Expert) 10 December 2009
I agree with Mr.Vineet

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