https://www.taxtmi.com/forum/issue?id=106625 The issue is whether Service tax applies to insurance compensation received for loss to factory machinery; the department treats it as business income and taxable, while others argue it is not leviable because no service was provided and compensatory receipts fall outside service tax, advising review of the negative list, exemption notifications and possible SSI classification. en-us Sat, 15 Mar 2014 11:42:57 +0530 Thu, 23 Jan 2025 15:57:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106625 The issue is whether Service tax applies to insurance compensation received for loss to factory machinery; the department treats it as business income and taxable, while others argue it is not leviable because no service was provided and compensatory receipts fall outside service tax, advising review of the negative list, exemption notifications and possible SSI classification. Discussion-Forum Service Tax Sat, 15 Mar 2014 11:42:57 +0530 https://www.taxtmi.com/forum/issue?id=106625