declared service, Service Tax

[Dalia Felix]

dear all

Have you started paying service tax on the liquidated damage collected from service providers or suppliers? Do you really think that service tax is required to be paid by the service receiver company? Is there any difference in approach in both these cases (service provider, supplier)

Posts / Replies

[Pradeep Khatri]

Please check Section 66 E of the Finance Act as amended from time to time in this regard.

[Dalia Felix]

Thanks a lot sir. But, yes or no?

[Pradeep Khatri]

Yes, my clients are paying service tax on LD.  Even, Service Tax Department has also started to issue SCN in this regard to the Assessees.

 

YAGAY & SUN

(Indirect Tax Consultants)