Valuation of the taxable service - inclusion of value of free ...

Free Supplies Excluded from Taxable Value in Construction Services Per Section 67 of Finance Act 1994.

September 10, 2013

Case Laws     Service Tax     AT

Valuation of the taxable service - inclusion of value of free supply - construction of commercial or industrial complex - The value of goods and materials supplied free of cost by a service recipient to the provider of the 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 or the gross amount charged, within the meaning of the later expression in Section 67 of the Finance Act, 1994 - AT

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