Dear Sir,
We are Share Broking Company; we receive the penalty from our clients for delay payment of their dues.
My question is:
1. Do we want collect the service tax for above said penalty? (As per Negative List)
Menu
Service tax on penalty income
Replies (2)
Hi,
Since collection of penalty is not a service provided & hence no ST to be collected on the same.
Thanks//Vaibhav
Click thank button to convey your appreciation.
yes correct
Recent Topics :
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
Related Topics :
CAclubindia
