Booking Cancellation Charges are Compensation for Breach of Contract, not Consideration for Service; No Service Tax Applies: CESTAT [Read Order]
CESTAT clarifies that booking cancellation charges are compensations for breach of contract and not consideration for services, thus exempt from service tax.
By Devanand T R - On August 7, 2024 1:12 pm - 2 mins read
The Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ), New Delhi, has ruled that booking cancellation charges do not attract service tax as they are compensations for breach of contract and not consideration for any service. The decision came in the appeal filed by M/s Divine Autotech Private Limited against the Commissioner of…
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