https://www.taxtmi.com/forum/issue?id=110711 Whether an interest-free advance forms part of taxable value depends on whether it constitutes consideration for a service or otherwise influences taxable value; Rule 5 of the Service Tax (Determination of Value) Rules, 2006 excludes interest accruable on advances from automatic inclusion, but notional interest may be included where the advance directly or indirectly affects the taxable value, requiring contractual and factual analysis of the advance's connection to the service. en-us Sat, 30 Jul 2016 17:09:58 +0530 Thu, 23 Jan 2025 15:56:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110711 Whether an interest-free advance forms part of taxable value depends on whether it constitutes consideration for a service or otherwise influences taxable value; Rule 5 of the Service Tax (Determination of Value) Rules, 2006 excludes interest accruable on advances from automatic inclusion, but notional interest may be included where the advance directly or indirectly affects the taxable value, requiring contractual and factual analysis of the advance's connection to the service. Discussion-Forum Service Tax Sat, 30 Jul 2016 17:09:58 +0530 https://www.taxtmi.com/forum/issue?id=110711