https://www.taxtmi.com/caselaws?id=363028 The judgment addressed the discrepancy in service tax payment by considering the Profit and Loss accounts as the basis for calculating the correct tax liability. The appellants were found eligible for recalculating the tax based on the inclusive service tax amounts in their Profit and Loss statements, leading to a reduction in the demand and penalties imposed on them. The cases were remanded to the original authority for recalculation based on the amounts shown in the Profit and Loss statements. en-us Tue, 03 Jul 2018 00:00:00 +0530 Sat, 07 Jul 2018 08:03:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363028 The judgment addressed the discrepancy in service tax payment by considering the Profit and Loss accounts as the basis for calculating the correct tax liability. The appellants were found eligible for recalculating the tax based on the inclusive service tax amounts in their Profit and Loss statements, leading to a reduction in the demand and penalties imposed on them. The cases were remanded to the original authority for recalculation based on the amounts shown in the Profit and Loss statements. Case-Laws Service Tax Tue, 03 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363028