https://www.taxtmi.com/forum/issue?id=109240 Compensation or liquidated damages for delayed erection work may prima facie fall within declared services under Section 66E(e) and attract service tax; however, a tribunal view treating such amounts as a price reduction can reduce the taxable value of the supply and negate separate taxation. If the compensation has already been taxed, it should not be taxed again. The contractual basis and factual nature of the payment determine whether it is a declared service or a value adjustment. en-us Mon, 05 Oct 2015 11:52:07 +0530 Thu, 23 Jan 2025 15:56:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109240 Compensation or liquidated damages for delayed erection work may prima facie fall within declared services under Section 66E(e) and attract service tax; however, a tribunal view treating such amounts as a price reduction can reduce the taxable value of the supply and negate separate taxation. If the compensation has already been taxed, it should not be taxed again. The contractual basis and factual nature of the payment determine whether it is a declared service or a value adjustment. Discussion-Forum Service Tax Mon, 05 Oct 2015 11:52:07 +0530 https://www.taxtmi.com/forum/issue?id=109240