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2016 (6) TMI 721 - CESTAT CHENNAI

2016 (6) TMI 721 - CESTAT CHENNAI - TMI - Valuation - inclusion of reimbursement of expenses for providing clearing and forwarding service - Held that:- when the reimbursements are part and parcel of the services provided and depress the value of consideration that shall be taken into consideration while determining the gross value of the services - Demand of service tax confirmed - levy of penalty waived - Decided partly in favor of assessee. - ST/58/2005 - FINAL ORDER No.40792/2016 - Dated:- 1 .....

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d and sought to tax. It is strongly argued by learned counsel that reimbursement made not being towards the services provided that goes out of the scope of the gross value of the consideration. Accordingly, there shall be no tax liability except to the extent of the consideration received from Clearing and Forwarding services provided. 2. It is the further submission of the learned counsel that all along service providers are under the impression that interpretation made by Revenue to tax afores .....

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