https://www.taxtmi.com/news?id=620 The tribunal held that reimbursement of expenses received from a principal bank does not attract service tax and that the Commissioner's demand for differential service tax on such reimbursements in respect of Business Auxiliary Service was unsustainable; the department has appealed the tribunal's order to the Supreme Court because the transactions predated the Service Tax (Determination of Value) Rules, 2006 and the ruling has broader valuation consequences. en-us Sun, 12 Oct 2008 23:29:37 +0530 Sun, 12 Oct 2008 23:29:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=620 The tribunal held that reimbursement of expenses received from a principal bank does not attract service tax and that the Commissioner's demand for differential service tax on such reimbursements in respect of Business Auxiliary Service was unsustainable; the department has appealed the tribunal's order to the Supreme Court because the transactions predated the Service Tax (Determination of Value) Rules, 2006 and the ruling has broader valuation consequences. News - Sun, 12 Oct 2008 23:29:37 +0530 https://www.taxtmi.com/news?id=620