https://www.taxtmi.com/forum/issue?id=110682 Liquidated damages recovered for breach or delay are penal or compensatory charges and, on a broad interpretation and consistent with administrative guidance and appellate authority, do not constitute consideration forming part of the taxable value of services and therefore are not liable to service tax, though this position may be contested by revenue authorities. en-us Mon, 25 Jul 2016 12:07:21 +0530 Thu, 23 Jan 2025 15:56:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110682 Liquidated damages recovered for breach or delay are penal or compensatory charges and, on a broad interpretation and consistent with administrative guidance and appellate authority, do not constitute consideration forming part of the taxable value of services and therefore are not liable to service tax, though this position may be contested by revenue authorities. Discussion-Forum Service Tax Mon, 25 Jul 2016 12:07:21 +0530 https://www.taxtmi.com/forum/issue?id=110682