https://www.taxtmi.com/forum/issue?id=111541 Whether the value of free issue material supplied by the service recipient must be included in the taxable value of construction services is disputed: tribunal precedent held such materials are not consideration and not includible under Section 67, regulatory valuation rules adopted a fair market value approach, and while litigation proceeds taxpayers are advised to include FIM in taxable value and pay under protest to avoid interest and preserve refund rights. en-us Wed, 22 Feb 2017 17:30:55 +0530 Thu, 23 Jan 2025 15:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111541 Whether the value of free issue material supplied by the service recipient must be included in the taxable value of construction services is disputed: tribunal precedent held such materials are not consideration and not includible under Section 67, regulatory valuation rules adopted a fair market value approach, and while litigation proceeds taxpayers are advised to include FIM in taxable value and pay under protest to avoid interest and preserve refund rights. Discussion-Forum Indian Laws Wed, 22 Feb 2017 17:30:55 +0530 https://www.taxtmi.com/forum/issue?id=111541