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of <h1>Airlines' YQ and YR Charges Must Be Included in Taxable Service Value, Says CBEC u/s 67 of Finance Act.</h1> The Central Board of Excise & Customs (CBEC) has clarified that YQ and YR charges collected by airlines from passengers embarking in India for international travel should be included in the taxable value of services provided by aircraft operators. As per section 67 of the Finance Act, 1994, the taxable service value is the gross amount charged by the service provider, including any amount received before, during, or after the service provision. The Service Tax (Determination of Value) Rules, 2006, support this inclusion, as YQ and YR charges are considered integral to the service consideration.
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