https://www.taxtmi.com/article/detailed?id=992 Exemption under Notification No. 12/2003 for the value of goods and materials sold is vulnerable where the transaction prima facie lacks a contract of sale. The notification conditions exemption on documentary proof of the goods' value and on non availment or repayment of Cenvat credit; failure to meet these conditions exposes the goods' value to service tax. The tribunal relied on overlapping sale/service principles and held that segregated billing for catering may not amount to a sale for exemption purposes. en-us Thu, 21 Oct 2010 13:05:11 +0530 Sat, 23 Oct 2010 11:37:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=992 Exemption under Notification No. 12/2003 for the value of goods and materials sold is vulnerable where the transaction prima facie lacks a contract of sale. The notification conditions exemption on documentary proof of the goods' value and on non availment or repayment of Cenvat credit; failure to meet these conditions exposes the goods' value to service tax. The tribunal relied on overlapping sale/service principles and held that segregated billing for catering may not amount to a sale for exemption purposes. Articles Service Tax Thu, 21 Oct 2010 13:05:11 +0530 https://www.taxtmi.com/article/detailed?id=992