Sir,
Is veh.detention charges chargeable to service tax or not.
Regards,
Mridul Sethi
Are Vehicle Detention Charges Subject to Service Tax? Opinions Vary on Compensatory Income Taxability. A discussion on a forum addressed whether vehicle detention charges are subject to service tax. One participant argued that detention charges, being compensatory, are not taxable. Another participant sought clarification on whether compensatory income is taxable. It was suggested to consult a professional and refer to official notifications. Another contributor stated that detention charges should be invoiced separately and are not subject to service tax. A different opinion was that all services are taxable unless listed in the negative or exempted lists, implying that detention charges might be taxable unless exempted by specific notifications. (AI Summary)
Service Tax