Query related to service tax
This query is : Resolved
01 January 2013
Applicability of service tax in case compensation received on termination of agreement. i.e. termination contract/ termination sale agreement of immovable property/termination joint venture agreement.
02 January 2013
Hi Rakesh,
As per Section 65B(44) the activity must be carried out for the Consideration.
Consideration received for tolerating the breach is also consideration and hence liable to be taxed.
Thanks
As per Section 65B(44) the activity must be carried out for the Consideration.
Consideration received for tolerating the breach is also consideration and hence liable to be taxed.
Thanks
03 January 2013
thank you sir,
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