https://www.taxtmi.com/caselaws?id=343458 The appellate tribunal ruled in favor of the appellant, setting aside the impugned order and allowing the appeal. The judgment clarified that the value of material supplied free by clients should not be included in the taxable value for service tax liability, citing the precedent set by a Larger Bench decision. The ruling emphasized that non-monetary considerations like free supplies should not be part of the taxable value, stating that the consideration must flow from the service recipient to the provider to be included. The appellant's challenge to the service tax demand and penalty imposition was successful based on this interpretation. en-us Mon, 03 Apr 2017 00:00:00 +0530 Thu, 25 May 2017 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343458 The appellate tribunal ruled in favor of the appellant, setting aside the impugned order and allowing the appeal. The judgment clarified that the value of material supplied free by clients should not be included in the taxable value for service tax liability, citing the precedent set by a Larger Bench decision. The ruling emphasized that non-monetary considerations like free supplies should not be part of the taxable value, stating that the consideration must flow from the service recipient to the provider to be included. The appellant's challenge to the service tax demand and penalty imposition was successful based on this interpretation. Case-Laws Service Tax Mon, 03 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343458