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LIQUIDATED DAMAGES RECEIVED FROM THE BUYER SERVICE TAX LIABILITY

Service Tax - Started By: - muthu kumaran.vp - Dated:- 20-5-2016 Last Replied Date:- 24-5-2016 - SirI have doubt on liquidated damages.One of my client received Purchase order from the buyer for an amount of ₹ 1,00,000. Based on PO, my client ( .....

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whether the amount received from the buyer falls under liquidated damages definition?, if so, whether do we need to pay service tax on this. My client (seller) is a manufacturing company and does not provide any services. - Reply By KASTURI SETHI - .....

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muthu kumaran.vp - The Reply = Thank you sir - Reply By Ganeshan Kalyani - The Reply = Sir i remember well that there was healthy discussion on the subject in recent pass. Thanks. - Reply By surya narayana - The Reply = Dear Kasturi Ji,You are exact .....

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earlier.Through this mail, I humbly request all the friends to kindly check the contents of the queries in the FORUM before raising their query to avoid the repetition and also to save the precious time of both the queriest and the experts who post .....

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Ganeshan Kalyani - The Reply = Sir what I think is that querist know very well that indirect taxation is a dynamic subject. What was appplicable yesterday may not be appplicable today. And what is applicable today may not applicable tomorrow. Hence .....

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