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2014 (8) TMI 921 - AT - Service TaxValuation of service - Industrial or commercial construction - erection, commissioning and installation service - Held that:- The Larger Bench of the Tribunal held that value of goods and materials supplied free of cost by the service recipient to the provider of taxable construction service, being neither monetary or non-monetary consideration paid by or flowing from the service recipient, accruing to the benefit of service provider, would be outside the taxable value of the gross amount charged within the meaning of the expression in Section 67 of the Finance Act. The Larger Bench further held that the value of free supply by service recipient does not comprise the gross amount charged under Notification No. 15/2004-ST, including the Explanation thereto as introduced by Notification No. 4/2005-ST - Decided in favour of assessee.
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