https://www.taxtmi.com/article/detailed?id=5155 The valuation rules apply only where some consideration is present; if no consideration exists, taxable value is nil. Where goods or services are supplied free to a service provider, their monetary equivalent is included in the gross amount chargeable to service tax, consistent with legislative intent and valuation rules; amendments require inclusion of fair market value for certain services. The rules govern part-cash/part-kind consideration, non-ascertainable consideration, exclusion of reimbursements, and the pure agent question. A contrary view contests that rules cannot create a levy absent statutory basis. en-us Thu, 13 Jun 2013 13:51:10 +0530 Thu, 13 Jun 2013 13:51:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5155 The valuation rules apply only where some consideration is present; if no consideration exists, taxable value is nil. Where goods or services are supplied free to a service provider, their monetary equivalent is included in the gross amount chargeable to service tax, consistent with legislative intent and valuation rules; amendments require inclusion of fair market value for certain services. The rules govern part-cash/part-kind consideration, non-ascertainable consideration, exclusion of reimbursements, and the pure agent question. A contrary view contests that rules cannot create a levy absent statutory basis. Articles Service Tax Thu, 13 Jun 2013 13:51:10 +0530 https://www.taxtmi.com/article/detailed?id=5155