Booking Cancellation Charges for Motor Vehicles are Compensation for loss, not Consideration for Service: CESTAT [Read Order]

CESTAT Rules Booking Cancellation Charges for Motor Vehicles are Compensation, Not Consideration for Service CESTAT ruled that the booking cancellation charges for motor vehicles are compensation, it should not be considered a service
By Kavi Priya - On November 20, 2024 1:42 pm - 2 mins read
Booking Cancellation - CESTAT - CESTAT Ahmedabad - motor vehicles - Compensation loss - motor vehicles - taxscan

The Ahmedabad Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) ruled that the booking cancellation charges for motor vehicles are compensation for the loss they suffered, it should not be considered as a service they provided. The appellants, Comet Car Sales, RB Cars Pvt. Ltd., and Nanavati Cars Pvt. Ltd., received Rs….

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