https://www.taxtmi.com/caselaws?id=343563 Supply of aircraft on charter hire was treated as supply of tangible goods for use service, and the taxable value was confined to receipts forming consideration; items such as dividend income, interest, refunds, sale profits, fuel cost and similar sums were excluded as non-consideration amounts. Tax already paid under a wrong category was allowed to be adjusted against liability under the correct category when the returns supported the figures. Reverse charge demand on foreign remittances for spares, aircraft import and lease-related payments was unsustainable because the records did not show receipt of taxable management, maintenance or repair services from foreign providers. Penalties were waived because tax and interest had been paid and the dispute was bona fide. en-us Fri, 26 May 2017 00:00:00 +0530 Fri, 10 Nov 2017 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343563 Supply of aircraft on charter hire was treated as supply of tangible goods for use service, and the taxable value was confined to receipts forming consideration; items such as dividend income, interest, refunds, sale profits, fuel cost and similar sums were excluded as non-consideration amounts. Tax already paid under a wrong category was allowed to be adjusted against liability under the correct category when the returns supported the figures. Reverse charge demand on foreign remittances for spares, aircraft import and lease-related payments was unsustainable because the records did not show receipt of taxable management, maintenance or repair services from foreign providers. Penalties were waived because tax and interest had been paid and the dispute was bona fide. Case-Laws Service Tax Fri, 26 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343563