Service tax on penalty
RAKESH (ARTICLE) (124 Points)
03 July 2015RAKESH (ARTICLE) (124 Points)
03 July 2015
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 03 July 2015
As I understand, such penalty is also in the nature of income only and hence ST is applicable.
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)