https://www.taxtmi.com/caselaws?id=351397 A pre-declared scholarship-linked fee concession in a commercial coaching scheme, publicly notified and applied on objective criteria such as merit, sibling benefit, or alumni status, was held not to be non-monetary consideration for service tax valuation. Since tax was discharged on the amount actually collected, the declared concession could not be disallowed as a bona fide trade practice, and the taxable value could not be artificially enhanced by invoking the valuation rules. The impugned orders were set aside and the appeals were allowed, as the concession was held outside the taxable value under section 67. en-us Fri, 03 Nov 2017 00:00:00 +0530 Fri, 27 Apr 2018 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351397 A pre-declared scholarship-linked fee concession in a commercial coaching scheme, publicly notified and applied on objective criteria such as merit, sibling benefit, or alumni status, was held not to be non-monetary consideration for service tax valuation. Since tax was discharged on the amount actually collected, the declared concession could not be disallowed as a bona fide trade practice, and the taxable value could not be artificially enhanced by invoking the valuation rules. The impugned orders were set aside and the appeals were allowed, as the concession was held outside the taxable value under section 67. Case-Laws Service Tax Fri, 03 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351397