https://www.taxtmi.com/caselaws?id=214616 CESTAT Chennai ruled that TDS (withholding tax) must be included in the gross value for service tax assessment on technical and project consultancy services from foreign providers. Under Section 66A and Rule 7(1) of Service Tax (Determination of Value) Rules 2006, the assessable value includes the full consideration charged, including income tax deducted at source, as the contract terms specified taxes were payable by the recipient in addition to the contract price. The tribunal held no service tax liability existed prior to 18.4.2006, imposed tax at applicable rates from 19.4.2006 to 30.9.2007 on gross consideration including TDS, but waived penalties considering legal complexity at inception. en-us Wed, 13 Jun 2012 00:00:00 +0530 Tue, 06 May 2025 09:52:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214616 CESTAT Chennai ruled that TDS (withholding tax) must be included in the gross value for service tax assessment on technical and project consultancy services from foreign providers. Under Section 66A and Rule 7(1) of Service Tax (Determination of Value) Rules 2006, the assessable value includes the full consideration charged, including income tax deducted at source, as the contract terms specified taxes were payable by the recipient in addition to the contract price. The tribunal held no service tax liability existed prior to 18.4.2006, imposed tax at applicable rates from 19.4.2006 to 30.9.2007 on gross consideration including TDS, but waived penalties considering legal complexity at inception. Case-Laws Service Tax Wed, 13 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214616