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2018 (11) TMI 28 - AT - Service TaxValuation - inclusion of subvention charges in assessable value - Business Auxiliary Services - direct selling agent services provided by appellant to ICICI Bank - It has been argued that the service tax should be denied only on the amount received by them net of subvention - Held that:- The issue is decided in the case of COMMISSIONER OF SERVICE TAX, MUMBAI VERSUS M/S. JAYBHARAT AUTOMOBILES LTD. AND VICE-VERSA [2015 (8) TMI 503 - CESTAT MUMBAI], where it was held that the amount of commission paid by the bank for promotion of their financial products by the appellant to customers is subject to payment of Service Tax - thus, as far as the valuation of services is converned the rejection of subvention cannot be permitted in light of above decision. Extended period of limitation - Held that:- There is no scope for interpretation or doubt in this regard and thus there cannot be any bonafide doubt regarding taxability of the service provided by the appellant - there is no merit in the argument on limitation canvassed by the Ld. Counsel. Appeal dismissed - decided against appellant.
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