Payment of Service Tax on Demurrage charges-Reg.

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..... Payment of Service Tax on Demurrage charges-Reg.
Query (Issue) Started By: - vinay wakde Dated:- 27-7-2012 Last Reply Date:- 30-7-2012 Service Tax
Got 2 Replies
Service Tax
We have our ow .....

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..... ned Barges which are given on hired. If the barge exceed free time as mentioned in the contract for loading, unloading, delivery of goods etc, we are recovering demurrage charges from our customers. .....

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..... Kindly let us know whether the amount of demurrage recovered from our customer is included in the value of service provided by us & we have to pay Service Tax from 01.07.2012 Regards, VINAY Reply B .....

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..... y JAMES PG: The Reply: Even prior to 1.07.12, it is taxable since it is a part of hire charges. Reply By Pradeep Khatri: The Reply: Since Demmurrage charges, are not being included in the assessabl .....

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..... e value for calculation of customs duty, hence, it is required to pay the service tax on such charges.
Discussion Forum - Knowledge Sharing .....

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