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    <title>Whether considered as Non Monetory Consideration ?</title>
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    <description>Car rental charges, mobile bills and residential charges provided to a security agency are not non monetary consideration. Service tax is payable on the gross amount charged by the service provider with no deduction or abatement allowed. Separate services like rent a car or mobile postpaid may attract tax under the reverse charge mechanism, and any value adjustments for benefits must be reflected in invoicing and tax accounting so tax is paid on the correct gross taxable value.</description>
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      <link>https://www.taxtmi.com/forum/issue?id=110524</link>
      <description>Car rental charges, mobile bills and residential charges provided to a security agency are not non monetary consideration. Service tax is payable on the gross amount charged by the service provider with no deduction or abatement allowed. Separate services like rent a car or mobile postpaid may attract tax under the reverse charge mechanism, and any value adjustments for benefits must be reflected in invoicing and tax accounting so tax is paid on the correct gross taxable value.</description>
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      <law>Service Tax</law>
      <pubDate>Wed, 15 Jun 2016 12:06:15 +0530</pubDate>
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