https://www.taxtmi.com/caselaws?id=750785 CESTAT Bangalore held that collection of liquidated damages from suppliers and service providers for delayed supply of goods and services beyond contractual due dates does not constitute taxable service under service tax provisions. The Tribunal followed its earlier precedent in appellant's case for other units, ruling that such amounts cannot be taxed as consideration for deemed service. The decision was endorsed by the Board through Circular No.214/2023-S.T. dated 28.02.2023. The impugned order was set aside and appeal allowed. en-us Fri, 15 Mar 2024 00:00:00 +0530 Sat, 30 Mar 2024 19:22:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750785 CESTAT Bangalore held that collection of liquidated damages from suppliers and service providers for delayed supply of goods and services beyond contractual due dates does not constitute taxable service under service tax provisions. The Tribunal followed its earlier precedent in appellant's case for other units, ruling that such amounts cannot be taxed as consideration for deemed service. The decision was endorsed by the Board through Circular No.214/2023-S.T. dated 28.02.2023. The impugned order was set aside and appeal allowed. Case-Laws Service Tax Fri, 15 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750785