TMI BlogService tax on compensation paid for cancellation of an agreementX X X X Extracts X X X X X X X X Extracts X X X X ..... Whether Service tax is applicable on compensation paid on cancellation of agreement to sell? - Reply By Sumit Aggarwal - The Reply = No till now as there is no service tax will applciable on this tran ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sacation as the transacation of sell of property is not liable to service tax and the transaction in question is incidental to sell of property. - Reply By Ashok Jogalekar - The Reply = If the agreem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent is for providing service and in case of cancellation of such agreement or contract if any compensation is received, then service tax would be payable by the receiver on such consideration received ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . - Service tax on compensation paid for cancellation of an agreement - Query Started By: - tailor jaffrulla khan Dated:- 6-4-2010 Service Tax - Got 2 Replies - Service Tax - Discussion Forum - Kno ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... wledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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