https://www.taxtmi.com/caselaws?id=253556 The Appellate Tribunal CESTAT MUMBAI, in a case concerning the inclusion of the value of free supply materials in the assessable value for service tax calculation, ruled in favor of the assessee. Referring to the decision of the Larger Bench, the Tribunal held that the value of goods and materials supplied free of cost by the service recipient should not be included in the taxable value for service tax purposes. Consequently, the demands and penalties imposed on the appellants were set aside, and their appeals were allowed. The Revenue's appeals for enhancement of penalties were dismissed as a result. en-us Fri, 13 Jun 2014 00:00:00 +0530 Thu, 27 Nov 2014 16:46:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253556 The Appellate Tribunal CESTAT MUMBAI, in a case concerning the inclusion of the value of free supply materials in the assessable value for service tax calculation, ruled in favor of the assessee. Referring to the decision of the Larger Bench, the Tribunal held that the value of goods and materials supplied free of cost by the service recipient should not be included in the taxable value for service tax purposes. Consequently, the demands and penalties imposed on the appellants were set aside, and their appeals were allowed. The Revenue's appeals for enhancement of penalties were dismissed as a result. Case-Laws Service Tax Fri, 13 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253556