Opportunity to respond to jurisdictional reports is mandatory before customs settlement duty enhancement; connected applications require consistent ad...
Specific customs headings for scaffolding components prevail over general classification, invalidating misclassification proceedings and enabling with...
Liquidator appointment under Section 34 requires consideration of creditor recommendations, valid professional authorisation, and preservation of vali...
CESTAT New Delhi ruled on the levy of service tax on income...
CESTAT New Delhi held that service tax on late delivery & non-execution of work as compensation is not applicable as per circular by Department of Revenue.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
CESTAT New Delhi ruled on the levy of service tax on income (compensation received) from late delivery of materials and non-execution of work. The appellant, engaged in electricity generation, was found to have provided a 'declared service' u/s 66E(e) of the Finance Act. The circular by the Department of Revenue clarified that there must be an express or implied agreement for taxable supply to exist, emphasizing the need for consideration in such agreements. The Tribunal's decisions in similar cases supported the appellant, leading to the dismissal of the department's appeal. The Service Tax Appeal by the appellant was allowed.
CESTAT New Delhi ruled on the levy of service tax on income (compensation received) from late delivery of materials and non-execution of work. The appellant, engaged in electricity generation, was found to have provided a 'declared service' u/s 66E(e) of the Finance Act. The circular by the Department of Revenue clarified that there must be an express or implied agreement for taxable supply to exist, emphasizing the need for consideration in such agreements. The Tribunal's decisions in similar cases supported the appellant, leading to the dismissal of the department's appeal. The Service Tax Appeal by the appellant was allowed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
