https://www.taxtmi.com/article/detailed?id=6455 Where non-monetary consideration is not ascertainable, valuation must first use the gross amount charged for a similar service in ordinary trade and, failing that, determine an equivalent monetary value that is in no case less than the cost of provision of the taxable service; ambiguity exists because "similar service" is undefined and the scope of costs (direct and indirect) is unsettled, so providers should document chosen valuation, notify the tax authority, and, where using cost, support it with a cost accountant certificate. en-us Thu, 24 Sep 2015 09:50:46 +0530 Thu, 24 Sep 2015 09:50:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6455 Where non-monetary consideration is not ascertainable, valuation must first use the gross amount charged for a similar service in ordinary trade and, failing that, determine an equivalent monetary value that is in no case less than the cost of provision of the taxable service; ambiguity exists because "similar service" is undefined and the scope of costs (direct and indirect) is unsettled, so providers should document chosen valuation, notify the tax authority, and, where using cost, support it with a cost accountant certificate. Articles Service Tax Thu, 24 Sep 2015 09:50:46 +0530 https://www.taxtmi.com/article/detailed?id=6455