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Query related to service tax

This query is : Resolved 
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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.
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Kaushik Vinod

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Kaushik Vinod (Expert)
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
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Rakesh Kumar Singh

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Rakesh Kumar Singh (Querist)
03 January 2013 thank you sir,
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