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2017 (4) TMI 1133 - AT - Service TaxValuation - composite contract - Revenue entertained a view that the valuation has been made improperly by the appellant and in terms of the N/N. 12/2003-ST, they have not properly taken the actual service value to pay service tax - the appellants pleaded that there is no monetary gain for them in artificially loading more value to materials supplied by paying VAT, as the rate of VAT is higher than the service tax, payable on the service portion - Held that: - We have perused a few work orders, which clearly stipulated that 80% of the value shown to have suffered VAT with reference to supply of materials, which is done in the present case - appeal allowed - decided in favor of appellant.
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