https://www.taxtmi.com/forum/issue?id=105730 Query whether CENVAT credit may be claimed for service tax paid under reverse charge on penalties, contractor delay recoveries, employee notice pay recoveries, and maintenance fines; respondent questioned treating penalties as consideration, observed penalties generally are not taxable, noted compensation may be taxable, and stated reverse charge (and resulting CENVAT eligibility) applies only where there is a valid liability to pay tax under reverse charge. en-us Wed, 29 May 2013 09:10:08 +0530 Thu, 23 Jan 2025 15:57:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=105730 Query whether CENVAT credit may be claimed for service tax paid under reverse charge on penalties, contractor delay recoveries, employee notice pay recoveries, and maintenance fines; respondent questioned treating penalties as consideration, observed penalties generally are not taxable, noted compensation may be taxable, and stated reverse charge (and resulting CENVAT eligibility) applies only where there is a valid liability to pay tax under reverse charge. Discussion-Forum Service Tax Wed, 29 May 2013 09:10:08 +0530 https://www.taxtmi.com/forum/issue?id=105730