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Liquidated Damages

Liquidated Damages Not Taxable as Declared Service: CESTAT sets aside Service Tax Demand, Extended Limitation Unsustainable [Read Order]

Akhaigha T Josh

The New Delhi Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has set aside a service tax demand of ₹2,10,11,500, holding...

No Service Tax Payable on Amount Collected as Liquidated Damages: CESTAT [Read Order]

Delhi High Court - Liquidated Damages - Actual Loss - taxscan

Actual Loss Must be Proven for Automatic Recovery of Full Amount : Delhi HC [Read Order]

ONGC wins Service Tax Case: CESTAT rules Liquidated Damages not Taxable u/s 66E(e) [Read Order]

Compensation for Short Lifting of Electricity not Service u/s 66E(e) of Finance Act, 1994: CESTAT...

No Service Tax on Receipt of Liquidated Damages: CESTAT rules in favour of BHEL [Read Order]

In the case of Bharat Heavy Electrical Limited (BHEL), the Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that service tax is not leviable on receipt of...

Relief to BHEL: CESTAT quashes Service Tax Demand on Liquidated Damages [Read Order]

The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), quashed the service tax demand on liquidated damages, thereby granting relief to M/s. Bharat Heavy Electricals...

Liquidated damages collected from Chettinad logistics for non-performing acts attracts 18% GST: AAR [Read Order]

The Andhra Pradesh Authority for Advance Ruling (AAR) has held that 18% Goods and Services Tax (GST) would be applicable upon the liquidated damages collected from Chettinad Logistics Pvt Ltd for...

CESTAT Quashes Confirmation of Service Tax Demand on Amount Claimed to Liquidated Damages [Read Order]

In a recent decision the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ), Ahmedabad Bench comprising Ramesh Nair, Judicial Member and Raju, Technical Member, quashed confirmation of...

Provision for Liquidated Damages is an ascertained liability, allowable as Income Tax Deduction: ITAT [Read Order]

The Bangalore Bench of the Income Tax Appellate Tribunal ( ITAT )has held that the provision for liquidated damages is an ascertained liability and is allowable as a deduction from Income. SKF...

Liquidated Damages Recoverable on Account of Delay in Commissioning is not Supply, No GST: AAAR [Read Order]

The Telangana State Appellate Authority for Advance Ruling ( AAAR ), has recently while deciding an appeal filed before it, held that liquidated damages recoverable on account of delay in...

Relief to Dredging Corporation of India: ITAT rules Liquidated Damages not core Activity of Shipping and not part for Computation in Tonnage Tax [Read Order]

The Income Tax Appellate Tribunal (ITAT), Visakhapatnam Bench ruled that liquidated damages not core activity of shipping and not part for computation in tonnage tax, thereby granting relief to M/s...