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TMI BlogInput service credit - Reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... We are receiving monetary consideration for following activities and we are paying service Tax under reverse charge method. (1)Penalty imposed on supplier for late supply of material. (2)Amount re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... covered from the contractor for delay or non completion of work beyond an agreed date. (3)Amount recovered by the employer from employee for failure to comply with contracted conditions i.e. recover ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y of notice pay. (4) Penalty and Fines collected by the company for maintenance of building structures. Kindly let us know whether we shall claim CENVAT on above Input services received by us a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fter making e-payment under reverse charge method. Regards, VINAY - Reply By Madhukar N Hiregange - The Reply = Why you have to pay ST on reverse charge for penalty as that is not a consideratio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n is not understood. Compensation may however be liable. Under reverse charge only if liable. - Input service credit - Reg. - Query Started By: - vinay wakde Dated:- 29-5-2013 Service Tax - Got 1 R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eply - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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