https://www.taxtmi.com/highlights?id=56837 Levy of Service Tax - amount of liquidated damages/penalty collected by the appellant for non-compliance of the terms of the procurement contracts - - Explanation to sub-section (1) of section 67 clearly provides that only an amount that is payable for the taxable service will be considered as “consideration”. - demand of service tax on the amount collected towards liquidated damages and theft of electricity cannot sustain - AT en-us Mon, 22 Feb 2021 09:21:48 +0530 Mon, 22 Feb 2021 09:21:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56837 Levy of Service Tax - amount of liquidated damages/penalty collected by the appellant for non-compliance of the terms of the procurement contracts - - Explanation to sub-section (1) of section 67 clearly provides that only an amount that is payable for the taxable service will be considered as “consideration”. - demand of service tax on the amount collected towards liquidated damages and theft of electricity cannot sustain - AT Highlights Service Tax Mon, 22 Feb 2021 09:21:48 +0530 https://www.taxtmi.com/highlights?id=56837