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)
S. THIYAGARAJAN (ACCOUNTANT) (60 Points)
05 November 2012Dear 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)
@VaibhavJ
(Believe!! Live your dreams!)
(33511 Points)
Replied 05 November 2012
Hi,
Since collection of penalty is not a service provided & hence no ST to be collected on the same.
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