No Service Tax on Forfeited Amount for Order Cancellation: CESTAT Delhi

Pankaj Ispat Ltd Vs Commissioner of Central Excise (CESTAT Delhi)

Forfeited amount for Order Cancellation was not consideration for any service, and therefore not subject to service tax: CESTAT Delhi

In the case of Pankaj Ispat Ltd. vs. Commissioner of Central Excise, the CESTAT Delhi addressed whether the amount forfeited due to the cancellation of an order could be considered taxable as a service under Section 66E(e) of the Finance Act, 1994. The appellant, registered for providing taxable services such as Transport of Goods by Road, had forfeited amounts

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