Service tax on liquidated damages of rm
This query is : Resolved
06 November 2012
Dear Sir/Mam,
Is liquidated damages recover on late delivery of Raw material also liable for service tax under Sec 66E(e)as declared service ?
Is sec 66E(e) apply in case of provision of service only or otherwise also ?
Is liquidated damages recover on late delivery of Raw material also liable for service tax under Sec 66E(e)as declared service ?
Is sec 66E(e) apply in case of provision of service only or otherwise also ?
06 November 2012
No service tax since no service provided
07 November 2012
Is it taxable as agreement to do an act (agree for take late delivery)?
07 November 2012
No service tax in light of Rule 6(2) (iv) of Service Tax (Determination of Value), Rules, 2006.
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