https://www.taxtmi.com/caselaws?id=340517 Service tax on foreign consultancy services had to be valued on the actual consideration charged under Section 67 of the Finance Act, 1994 read with Rule 7 of the Service Tax Valuation Rules, 2006. One TDS category, where tax was deducted from the agreed consideration, was not pressed. For the remaining two categories, the record did not conclusively show whether the income tax paid was recovered from abroad or formed part of the service consideration, and the supporting documents were said to have been insufficiently examined. The matter was remanded for de novo adjudication with an opportunity to produce evidence, and the penalty issue was left open in the fresh proceedings. en-us Thu, 16 Feb 2017 00:00:00 +0530 Sat, 25 Mar 2017 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340517 Service tax on foreign consultancy services had to be valued on the actual consideration charged under Section 67 of the Finance Act, 1994 read with Rule 7 of the Service Tax Valuation Rules, 2006. One TDS category, where tax was deducted from the agreed consideration, was not pressed. For the remaining two categories, the record did not conclusively show whether the income tax paid was recovered from abroad or formed part of the service consideration, and the supporting documents were said to have been insufficiently examined. The matter was remanded for de novo adjudication with an opportunity to produce evidence, and the penalty issue was left open in the fresh proceedings. Case-Laws Service Tax Thu, 16 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340517