Ownership Transfer of Machinery Excludes Goods Cost from Service Tax Valuation, Per Contract Terms.

Ownership Transfer of Machinery Excludes Goods Cost from Service Tax Valuation, Per Contract Terms. https://www.taxtmi.com/highlights?id=14701 Valuation - inclusion of cost of goods sold - the supply contract indicates that the ownership of the plant and machinery gets passed over to the service recipient, as and when the said machinery is delivered at the site of the said M/s VPCL or M/s EPGL - prima facie value not includible - AT en-us Mon, 23 Sep 2013 10:22:10 +0530 Mon, 23 Sep 2013 10:22:10 +0530 TaxTMI RSS Generator Ownership Transfer of Machinery Excludes Goods Cost from Service Tax Valuation, Per Contract Terms. https://www.taxtmi.com/highlights?id=14701 Valuation - inclusion of cost of goods sold - the supply contract indicates that the ownership of the plant and machinery gets passed over to the service recipient, as and when the said machinery is delivered at the site of the said M/s VPCL or M/s EPGL - prima facie value not includible - AT Highlights Service Tax Mon, 23 Sep 2013 10:22:10 +0530 https://www.taxtmi.com/highlights?id=14701