No service Tax Leviable on Penalty/compensation for Breach of Contract Which is not a Consideration for any Service: CESTAT [Read Order]

service -Tax -compensation - Breach - Contract - Consideration - Service-CESTAT-TAXSCAN

The Mumbai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that no service tax leviable on the penalty or compensation for the breach of contract which was not a consideration for any service. The Bench held that when there was any consideration for any service it will be taxable under the…

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