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Service Tax - Highlights / Catch Notes

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Levy of Service tax - Forfeiture of earnest money deposit on ...

Case Laws     Service Tax

April 27, 2023

Levy of Service tax - Forfeiture of earnest money deposit on account of contractors failure to honor the terms of the contract - The Circular dated 28.02.2023 issued by the Central Board of Indirect Tax and Customs also provides that service tax cannot be levied on the amount collected for the said purpose - thus demand on contractual agreement do not sustain. - AT

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