Clarification on Material Cost Deductions for Tire Retreading Under Notification No. 12/2003-ST; Tax Still Applies Without Specific Rules. https://www.taxtmi.com/highlights?id=23996 Valuation - deduction of value of material used in the retreading of tyres - Notification No. 12/2003-ST dated 20.6.2003 - Merely because no rules are framed for computation, it does not follow that no tax is leviable - AT en-us Thu, 30 Jul 2015 15:16:30 +0530 Thu, 30 Jul 2015 15:16:30 +0530 TaxTMI RSS Generator Clarification on Material Cost Deductions for Tire Retreading Under Notification No. 12/2003-ST; Tax Still Applies Without Specific Rules. https://www.taxtmi.com/highlights?id=23996 Valuation - deduction of value of material used in the retreading of tyres - Notification No. 12/2003-ST dated 20.6.2003 - Merely because no rules are framed for computation, it does not follow that no tax is leviable - AT Highlights Service Tax Thu, 30 Jul 2015 15:16:30 +0530 https://www.taxtmi.com/highlights?id=23996