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Applicability Of Service tax on Liquidated Damages

Service Tax - Started By: - abhinav Goyal - Dated:- 27-8-2016 Last Replied Date:- 1-9-2016 - Whether Service tax is chargeable on Liquidated Damages being charged from supplier of goods due to late delivery of material . Liquidated Damages can be covered by Agreeing to the obligation to tolerate an act or a situation entry in notification on declared Services . Does it matters Whether Vendor is a Foreign vendor having or not having any agent in india. - Reply By KASTURI SETHI - The Reply = Sh. G .....

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gh the below issue id.#1 Issue Id: - 109779 Dated: 23-1-2016Thanks. - Reply By CS SANJAY MALHOTRA - The Reply = Dear Sh Ganeshan Ji, Thanks for taking us back to the service tax on penalty issue. Reference is drawn to ST Circular 192 dated April'16, specifically para 4. The same hasn't left any room to correlate things differently. Anything specific, would appreciate as would add to our learning exercise. - Reply By abhinav Goyal - The Reply = Sir, Thanks a lot for quick replies . As CS .....

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yal Ji, Pl. refer to your cross query dated 28.8.16. Board's circular No.192/02/ST dated 13.4.16 talks of clarification regard leviability of Service Tax on Service provided by Govt. or Local Authority to a business entity. Title as well as Serial No. 4 of the circular has clarified about service by Govt. or local authority. Now there is no room for doubt as Sh.CS Sanjay Malhotra, Sir has also opined so. ST tax is applicable to you. There is no need of any case-law. However, there is are cas .....

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