Recovery of penalty on late delivery
This query is : Resolved
02 May 2013
Weather recovery made from supplier due to late delivery of goods liable for service tax?
Purchase order clearly mention date of delivery and supplier surpasses the date and supplied after stipulated period.
If any amount recovered from him will attract service tax being a service provider??
Purchase order clearly mention date of delivery and supplier surpasses the date and supplied after stipulated period.
If any amount recovered from him will attract service tax being a service provider??
02 May 2013
Not a service hence not taxable.
To be a service an activity has to be carried out for a consideration. Therefore fines and
penalties which are legal consequences of a person’s actions are not in the nature of
consideration for an activity
To be a service an activity has to be carried out for a consideration. Therefore fines and
penalties which are legal consequences of a person’s actions are not in the nature of
consideration for an activity
03 May 2013
thank you vikas but
as per section 66E declared service
it says,
Agreeing to the obligation to refrain from an act.
as per section 66E declared service
it says,
Agreeing to the obligation to refrain from an act.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reporting Income under Section 44ADA
- Itr 1 processing
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- ITR validation error - Balance sheet is not filled
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
