https://www.taxtmi.com/caselaws?id=326729 The Tribunal ruled in favor of the appellant, holding that Service Tax liability for hire purchase agreements should be based on the rate prevailing at the contract's initiation. The appellant had already discharged the Service Tax liability at the applicable rate when entering into the contract with the client, aligning with the Tribunal's previous ruling. The judgment set aside the demand for differential Service Tax liability for the period between October 2005 and July 2008, reaffirming that the rate of Service Tax should correspond to the rate at the contract's inception. en-us Thu, 03 Mar 2016 00:00:00 +0530 Tue, 08 Nov 2016 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326729 The Tribunal ruled in favor of the appellant, holding that Service Tax liability for hire purchase agreements should be based on the rate prevailing at the contract's initiation. The appellant had already discharged the Service Tax liability at the applicable rate when entering into the contract with the client, aligning with the Tribunal's previous ruling. The judgment set aside the demand for differential Service Tax liability for the period between October 2005 and July 2008, reaffirming that the rate of Service Tax should correspond to the rate at the contract's inception. Case-Laws Service Tax Thu, 03 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326729