https://www.taxtmi.com/caselaws?id=314177 The Tribunal ruled that liquidated damages and penalties recovered by the Appellant from suppliers for contractual delays do not constitute consideration for a declared service under s. 66E(e) of the Finance Act, 1994. Consequently, these amounts are not subject to service tax. The Tribunal allowed the appeal, setting aside the previous order, and granted the Appellant consequential benefits in accordance with the law. en-us Wed, 14 Sep 2022 00:00:00 +0530 Thu, 23 May 2024 08:37:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314177 The Tribunal ruled that liquidated damages and penalties recovered by the Appellant from suppliers for contractual delays do not constitute consideration for a declared service under s. 66E(e) of the Finance Act, 1994. Consequently, these amounts are not subject to service tax. The Tribunal allowed the appeal, setting aside the previous order, and granted the Appellant consequential benefits in accordance with the law. Case-Laws Service Tax Wed, 14 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314177