Tweets on 2010-10-31 — Service Tax On Loan Prepayment!

When I pre-closed the loan on the Swift, there happened to be a small difference between my calculations and the bank’s calculations, with the bank’s figures being higher. I didn’t bother too much about it back then, but now I know the cause for that difference.

A 10.3% service tax levied on car loan prepayments.


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