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Service Tax - Highlights / Catch Notes

Home Highlights May 2022 Year 2022 This

Levy of service tax - liquidated damages/penalty collected for ...

Service Tax

May 6, 2022

Levy of service tax - liquidated damages/penalty collected for non-compliance of the terms of the contracts - It is not possible to sustain the view taken by the Commissioner that since the delivery was not made within the time schedule, the Appellant agreed to tolerate the same for a consideration in the form of delay in delivery charges, which would be subjected to service tax under section 66E(e) of the Finance Act. - AT

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