https://www.taxtmi.com/article/detailed?id=5516 Section 66E designates certain activities as declared services, notably the agreeing to an obligation to refrain from an act, to tolerate an act or situation, or to do an act, which is taxable where consideration directly links to the specified obligation. The obligation clause is divided into three categories-refrain, tolerate, do-with examples such as non compete fees, penalties or forfeited advances on cancellation, demurrage, termination compensation and cancellation charges; taxation depends on the contractual terms and the consideration specified. en-us Sat, 08 Mar 2014 06:31:44 +0530 Sat, 08 Mar 2014 06:31:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5516 Section 66E designates certain activities as declared services, notably the agreeing to an obligation to refrain from an act, to tolerate an act or situation, or to do an act, which is taxable where consideration directly links to the specified obligation. The obligation clause is divided into three categories-refrain, tolerate, do-with examples such as non compete fees, penalties or forfeited advances on cancellation, demurrage, termination compensation and cancellation charges; taxation depends on the contractual terms and the consideration specified. Articles Service Tax Sat, 08 Mar 2014 06:31:44 +0530 https://www.taxtmi.com/article/detailed?id=5516