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Service Tax - Highlights / Catch Notes

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Levy of Service tax - declared service or not - amount received ...

Service Tax

June 15, 2023

Levy of Service tax - declared service or not - amount received towards damages in arbitration proceedings in connection with the purchase - The Circular issued under the GST regime emphasizes that there has to be an express or implied agreement to do or abstain from doing something against payment of consideration for a taxable supply to exist and such an act or a situation cannot be imagined or presumed to exist merely because there is a flow of money from one party to another - Demand set aside - AT

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