Exclusion for deferred-payment government services: interest-based deferrals to business entities fall outside the valuation clause. Amendment to rule 6(2)(iv) of the Service Tax (Determination of Value) Rules, 2006 excludes services provided by the Government or a local authority to a business entity where payment is deferred on payment of interest or any other consideration; such deferred-payment arrangements fall outside the application of that clause.
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Provisions expressly mentioned in the judgment/order text.
Exclusion for deferred-payment government services: interest-based deferrals to business entities fall outside the valuation clause.
Amendment to rule 6(2)(iv) of the Service Tax (Determination of Value) Rules, 2006 excludes services provided by the Government or a local authority to a business entity where payment is deferred on payment of interest or any other consideration; such deferred-payment arrangements fall outside the application of that clause.
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