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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 from our bills. These liquidated damages relate to the not meeting the specified performance level of the equipment's supplied as well as the delay in supplies.Further, in case service tax is applicable on liquidated damages whether it is possible .....

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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 what way the service tax paid on liquidated damages satisfy the definition of 'input service' which is used in promoting your business. You may say that payment of liquidated damages improves you efficiency in manufacturing quality goods or pr .....

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