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Chargeability of service tax on services not actually rendered

Service Tax - Started By: - bipad dixit - Dated:- 12-7-2015 Last Replied Date:- 21-8-2015 - A company has owned a Railway Wagon under a Wagon Investment Scheme (in short WIS) proposed by the Indian Railways and handover to Indian Railway which runs in a general pool of wagons for 10 years as per agreement made between company and Railways. As per the agreement, the company will get the monthly guaranteed wagons for transporting of goods with 10 % freight rebate on use from Railway. No carry forw .....

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for shifting the right of entitlement on behalf of ultimate transporter. Query-1 In this case whether the service tax is chargeable on consideration received?Query-2 Where the company has made an agreement with the third party that irrespective of use or non-use of wagons, the transferee will have to pay the fixed agreed sum of money to the owner of wagons. In that case whether the service tax is applicable for a sum received from the transferee without actually using the wagons offered by the o .....

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