https://www.taxtmi.com/circulars?id=616 Valuation of taxable services currently relies on gross monetary charges under section 67, leaving uncertainty where consideration is non monetary or not explicitly known. The Finance Bill, 2006 proposes replacing that provision and empowering rules prescribing methods to determine taxable value in such circumstances. Draft Service Tax (Determination of Value) Rules, 2006 are circulated and the Tax Research Unit invites comments with provided contact details and a submission deadline. en-us Wed, 01 Mar 2006 00:00:00 +0530 Mon, 09 Jan 2012 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=616 Valuation of taxable services currently relies on gross monetary charges under section 67, leaving uncertainty where consideration is non monetary or not explicitly known. The Finance Bill, 2006 proposes replacing that provision and empowering rules prescribing methods to determine taxable value in such circumstances. Draft Service Tax (Determination of Value) Rules, 2006 are circulated and the Tax Research Unit invites comments with provided contact details and a submission deadline. Circulars Service Tax Wed, 01 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/circulars?id=616