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Applicability of Service Tax

Service Tax - Started By: - Atul Kumar - Dated:- 8-1-2017 Last Replied Date:- 10-1-2017 - I want to ask whether service tax is applicable on liquidated damages. One of our clients have deducted the service tax on liquidated damages deducted by them f .....

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to claim cenvat credit of the same. - Reply By Ganeshan Kalyani - The Reply = Refer Issue ID = 109779 - Date: - 23/01/2016 - Reply By Rajagopalan Ranganathan - The Reply = Sir, According to Section 66 E (e) of finance Act, 1994 agreeing to the oblig .....

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level of the equipment's supplied as well as the delay in supplies. This amounts to tolerating an act or a situation. Therefore liquidated damages are amenable to service tax. Regarding availment of credit you have to satisfy the authorities in w .....

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oviding services without any complaint from your customer. This you have to decide before availing the credit. This is my opinion. - Reply By KASTURI SETHI - The Reply = To prove liquidating damages as input service in relation to output (taxable) is .....

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e tax is applicable on liquidated damages. - Reply By KASTURI SETHI - The Reply = I endorse the views of all experts regarding on liquidated damages. - Reply By Ganeshan Kalyani - The Reply = The topic in question is a debatable one. Some are of the .....

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