https://www.taxtmi.com/forum/issue?id=227 Reimbursement of expenses for statutory audits forms part of the taxable service value and attracts Service Tax on the gross amount received from banks irrespective of whether tax was separately billed. The reverse calculation method may be used to compute tax on inclusive receipts, and issuing a separate bill depends on mutual agreement. Valuation rule changes effective from 19.4.2006 make services provided after that date taxable even if tax was not billed; amounts subsequently received as service tax are also assessable. en-us Sat, 01 Jul 2006 19:11:09 +0530 Thu, 23 Jan 2025 15:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=227 Reimbursement of expenses for statutory audits forms part of the taxable service value and attracts Service Tax on the gross amount received from banks irrespective of whether tax was separately billed. The reverse calculation method may be used to compute tax on inclusive receipts, and issuing a separate bill depends on mutual agreement. Valuation rule changes effective from 19.4.2006 make services provided after that date taxable even if tax was not billed; amounts subsequently received as service tax are also assessable. Discussion-Forum Service Tax Sat, 01 Jul 2006 19:11:09 +0530 https://www.taxtmi.com/forum/issue?id=227