Act / Rules

Act / Rules

Act / Rules Circular GST GST Notifications Uncategorized

Leviability of Service Tax on the declared service “Agreeing to theobligation to refrain from an act, or to tolerate an act or a situation, or to do an act”under clause (e) of section 66E of the Finance Act, 1994

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Circular No. 214/1/2023-Service Tax date: 28th February, 2023 An issue has arisen on the levy of service tax on liquidated damages arising out of breach of contract, forfeiture of salary or payment of bond amount in the event of the employee leaving the employment before the minimum agreed period and similar other issues arising out […]