Feedback   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles SMS News Highlights
        Home        
Extracts
Home List
← Previous Next →

service tax on incentive received for early completion of work

Service Tax - Started By: - RAM AVTAR - Dated:- 26-12-2015 Last Replied Date:- 9-1-2016 - whether compensation received on early completion of work is taxable under service tax and vat . if yes then service tax will calculation considering original w .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

This amount of compensation shall be considered towards the nature of service you have provided i.e. towards original work. - Reply By Ganeshan Kalyani - The Reply = I agree with Kasturi Sir. Consideration means any amount receivable for service rend .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

e the query is resolved. - Reply By PARTHASARATHY V - The Reply = A very good judgement by CESTAT Bangalore which is squarely cover your quarries which is pasted bellow: While executing the work or issuing the order it is not ascertained that the wor .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

sation for that, it is big question. We can use the Bangalore CESTAT order to shield ourselves. 2016 (1) TMI 67 - CESTAT BANGALORE AMR India Ltd. Versus Commissioner of Central Excise, Customs And Service Tax Hyderabad-II Nature of bonus received con .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

In fact the said incentives were not even known at the time of performance of the service and are always calculated subsequent to the completion of the service. As such it can be safely concluded that the same is more in the nature of a prize money .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

n favor of assessee. - Reply By KASTURI SETHI - The Reply = Sh.PARTHASARATHY V Ji, Sir, thanks a lot for latest information. - Reply By RAJESH MANGAL AGRAWAL - The Reply = Sh.PARTHASARATHY V Ji, Sir, thanks a lot for latest Citation. Pl. see that the .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

under the Gross amount charged. Further the word Consideration is defined as Consideration includes- (i) any amount that is payable for the taxable service provided or to be provided; (ii) ; (iii0; Further while defining the Declared Service U/s 66E .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


Share:            

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version