https://www.taxtmi.com/article/detailed?id=581 Valuation under the Service Tax (Determination of Value) Rules, 2006 depends on the presence and form of consideration; absent consideration the taxable value is nil. The Rules apply where consideration is monetary, partly non-monetary, or not ascertainable, and exclude pure reimbursements and client-incurred expenditure from value. Exemption and abatement notifications offer conditional relief, with an assessee able to elect either abatement or Cenvat credit but not both, and notifications must be strictly complied with to secure benefit. en-us Mon, 30 Nov 2009 00:00:00 +0530 Mon, 30 Nov 2009 14:27:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=581 Valuation under the Service Tax (Determination of Value) Rules, 2006 depends on the presence and form of consideration; absent consideration the taxable value is nil. The Rules apply where consideration is monetary, partly non-monetary, or not ascertainable, and exclude pure reimbursements and client-incurred expenditure from value. Exemption and abatement notifications offer conditional relief, with an assessee able to elect either abatement or Cenvat credit but not both, and notifications must be strictly complied with to secure benefit. Articles Service Tax Mon, 30 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=581