FIM Value calculating

[Guest]

Dear Sir,

We awarded a contract to civil party,

We providing Cement, Steel, and Structural steel for construction. can i calculate Structural steel value for service tax calculation (Free issue material).

Currently we are calculating Cement & Steeel value for service tax calculation.

I am confuse, structural steel value calculate or not.

Please advice.

Thanks & Regards,

Sanjay Vasava

AI Summary

Free Structural Steel Not Part of Service Tax Under Section 67, But Pay Under Protest to Avoid Penalties A forum participant inquires about whether the value of structural steel provided for free should be included in service tax calculations. Multiple respondents cite a Supreme Court case and a Tribunal decision, indicating that free materials supplied by the service recipient are not part of the gross amount charged under Section 67 of the Finance Act, 1994. However, due to ongoing legal disputes, it is suggested to include the value in the taxable amount and pay under protest to avoid penalties, with the possibility of a refund if the decision favors the assessee.