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Construction of residential or commercial complex service - Whether cost of material supplied free of cost by the contractee to the contractor in includible in the Gross value for the purpose of exemption under notification no. 1/2006

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..... Construction of residential or commercial complex service - Whether cost of material supplied free of cost by the contractee to the contractor in includible in the Gross value for the purpose of exemp .....

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..... tion under notification no. 1/2006
News and Press Release
Dated:- 13-7-2008

Apparently department is issuing show cause notices to all the contractors to include the value of free of cos .....

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..... t material supplied by the principal to the contractor for before availing exemption under notification no. 1/2006 ST dated 1/3/2006. Whereas the provisions of valuation or scheme of taxability of se .....

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..... rvices do not refer any such circumstances. Therefore, while disposing of a writ petition, Delhi High Court observed that, "In view of the facts that we have narrated above as well as the interim or .....

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..... der passed by the Madras High Court, we are of the opinion that while the adjudication proceedings may go on and be concluded by the Respondents, they will not include for the purposes of determining .....

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..... the taxable service the supply of free material to the Petitioner and to this extent the Explanation appearing against Serial No. 7 in the table given in the Notification dated 1st March, 2006 will no .....

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..... t be applied to the detriment of the Petitioner." Refer the followings: 1 Notification no. 1/2006 ST dated 1-3-2006 2 Section 67 - Valuation 3 2008 -TMI - 4494 - HIGH COURT OF DELHI 4 2008 -TMI - .....

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..... 4562 - MADRAS HIGH COURT
News - Press release - PIB .....

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