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![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]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-rules-liquidated-damages-activity-shipping-part-tax-TAXSCAN.jpg "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]")
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...
![Penalty collected from Contractor, being Liquidated Damages not subject to Service Tax: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Penalty-Contractor-Liquidated-Damages-Service-Tax-CESTAT-Taxscan.jpg "Penalty collected from Contractor, being Liquidated Damages not subject to Service Tax: CESTAT [Read Order]")
![No Service Tax can be levied on Liquidated Damages received under any Contract: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/No-Service-Tax-levied-Liquidated-Damages-Contract-CESTAT-Taxscan.jpg "No Service Tax can be levied on Liquidated Damages received under any Contract: CESTAT [Read Order]")
![GST applicable on Liquidated Damages/Penalty for Contractual Violation: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/GST-applicable-Liquidated-Damages-Penalty-Contractual-Violation-AAR-Taxscan.jpg "GST applicable on Liquidated Damages/Penalty for Contractual Violation: AAR [Read Order]")
![GST payable on Liquidated Damages recoverable from Belectric India on account of delay in Commissioning, qualify as a ‘Supply’: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/GST-Liquidated-damages-Belectric-India-commissioning-supply-AAR-taxscan.jpg "GST payable on Liquidated Damages recoverable from Belectric India on account of delay in Commissioning, qualify as a ‘Supply’: AAR [Read Order]")
Service Tax could not have been levied on the amount recovered as Liquidated Damages: CESTAT [Read Order]
The Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that service tax could not have been levied on the amount recovered as liquidated damages. The appellant,...
![Service Tax could not have been levied on the amount recovered as Liquidated Damages: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Service-tax-amount-liquidated-damages-CESTAT-Taxscan.jpg "Service Tax could not have been levied on the amount recovered as Liquidated Damages: CESTAT [Read Order]")
Liquidated Damages paid for Non-Compliance of Business Obligations are allowable Expenditure: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) has held that the liquidated damages paid in nature of contractual liability on account of non-compliance of business obligations to customers are allowable as...
![Liquidated Damages paid for Non-Compliance of Business Obligations are allowable Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/01/Liquidated-Damages-Taxscan.jpg "Liquidated Damages paid for Non-Compliance of Business Obligations are allowable Expenditure: ITAT [Read Order]")
![18% GST on Liquidated Damages: Appellate Authority upholds AAR Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/09/Liquidated-Damages-AAAR-Taxscan.jpg "18% GST on Liquidated Damages: Appellate Authority upholds AAR Order [Read Order]")
No Service Tax on Surrender Charges on ULIP since these are in the nature of ‘Penalty’ or Liquidated Damages: CESTAT [Read Order]
The Mumbai Bench of Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) in the case of Reliance Life Insurance Co. Ltd. v. Commissioner of Service Tax allowing the appeal by the assessee...
![No Service Tax on Surrender Charges on ULIP since these are in the nature of ‘Penalty’ or Liquidated Damages: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Service-Tax-Reliance-Life-Insurance-Taxscan.jpg "No Service Tax on Surrender Charges on ULIP since these are in the nature of ‘Penalty’ or Liquidated Damages: CESTAT [Read Order]")
![18% GST Applicable to Liquidated Damages: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/AAR-Delhi-Taxscan.jpg "18% GST Applicable to Liquidated Damages: AAR [Read Order]")