https://www.taxtmi.com/caselaws?id=349190 In tyre retreading service, the Tribunal applied binding Supreme Court precedent and held that the value of materials used in the retreading process was deductible under Notification No. 12/2003-ST. As a result, that material cost could not be fully included in the service tax base as proposed by the department, and the demand founded on denial of the notification benefit was unsustainable. The assessee was therefore entitled to the notification benefit for material cost, and the Revenue's challenge failed. en-us Mon, 07 Aug 2017 00:00:00 +0530 Mon, 09 Oct 2017 11:24:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349190 In tyre retreading service, the Tribunal applied binding Supreme Court precedent and held that the value of materials used in the retreading process was deductible under Notification No. 12/2003-ST. As a result, that material cost could not be fully included in the service tax base as proposed by the department, and the demand founded on denial of the notification benefit was unsustainable. The assessee was therefore entitled to the notification benefit for material cost, and the Revenue's challenge failed. Case-Laws Service Tax Mon, 07 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349190