Compensation received to the Original Allottee of Coal Block by the Subsequent Allottee for the expenses incurred is outside ambit of event “Tolerating an Act”, hence no Service Tax

Compensation received to the Original Allottee of Coal Block by the Subsequent Allottee for the expenses incurred is outside ambit of event “Tolerating an Act”, hence no Service Tax https://www.taxtmi.com/article/detailed?id=10398 Compensation paid by a subsequent allottee to a prior allottee for investment in land and mine infrastructure is not consideration for tolerating an act because the prior allottee had no voluntary choice to tolerate cancellation, no agreement to tolerate for consideration, and both cancellation and payment arose by operation of law; statutory reimbursement therefore falls outside the taxable concept of tolerating an act under service tax. en-us Thu, 12 May 2022 17:37:15 +0530 Thu, 12 May 2022 17:37:15 +0530 TaxTMI RSS Generator Compensation received to the Original Allottee of Coal Block by the Subsequent Allottee for the expenses incurred is outside ambit of event “Tolerating an Act”, hence no Service Tax https://www.taxtmi.com/article/detailed?id=10398 Compensation paid by a subsequent allottee to a prior allottee for investment in land and mine infrastructure is not consideration for tolerating an act because the prior allottee had no voluntary choice to tolerate cancellation, no agreement to tolerate for consideration, and both cancellation and payment arose by operation of law; statutory reimbursement therefore falls outside the taxable concept of tolerating an act under service tax. Articles Goods and Services Tax - GST Thu, 12 May 2022 17:37:15 +0530 https://www.taxtmi.com/article/detailed?id=10398