https://www.taxtmi.com/article/detailed?id=1763 Rule 2A permits valuation of taxable services either on net value after deducting goods or by adopting prescribed composite rates across categories; composite bases are specified for original works, maintenance/repair/servicing of goods, and other works contracts. Rule 2C prescribes separate composition bases for restaurant and outdoor catering. Amendments refine valuation where value is not ascertainable, specify inclusions (e.g., demurrage) and exclusions (e.g., interest on delayed payments, government passenger taxes, unrelated accidental damages, unrelated subsidies), and delete the former rule on actual consideration for services from outside India. en-us Thu, 07 Jun 2012 18:34:24 +0530 Thu, 07 Jun 2012 18:42:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1763 Rule 2A permits valuation of taxable services either on net value after deducting goods or by adopting prescribed composite rates across categories; composite bases are specified for original works, maintenance/repair/servicing of goods, and other works contracts. Rule 2C prescribes separate composition bases for restaurant and outdoor catering. Amendments refine valuation where value is not ascertainable, specify inclusions (e.g., demurrage) and exclusions (e.g., interest on delayed payments, government passenger taxes, unrelated accidental damages, unrelated subsidies), and delete the former rule on actual consideration for services from outside India. Articles Service Tax Thu, 07 Jun 2012 18:34:24 +0530 https://www.taxtmi.com/article/detailed?id=1763