We are already taxable under Business Auxiliary Services category. Now we are going to end the contract and for that about to receive settlement charges. Whether service tax is applicable on this settlement charges also. In addition to this we are receiving non-compete fee also. Pl advise us
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Service Tax on Settlement Charges
Replies (3)
I don't think so Service tax is liable on settlement charges.
Regards,
Devendra
u have to pay tax on amount received in actual
Yes
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