https://www.taxtmi.com/caselaws?id=364771 For consultancy services received from abroad, the taxable value under Section 67 of the Finance Act, 1994 read with Rule 7 of the Service Tax Valuation Rules, 2006 is the actual consideration charged for the services. Withholding tax paid under income-tax law over and above the invoiced amount was not shown to form part of the service consideration, so it could not be added to the assessable value for service tax under reverse charge. The Tribunal followed its earlier decision on identical facts and held that service tax was payable only on the billed amount, rendering the demand on the withholding tax unsustainable. en-us Wed, 04 Jul 2018 00:00:00 +0530 Sat, 04 Aug 2018 08:29:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364771 For consultancy services received from abroad, the taxable value under Section 67 of the Finance Act, 1994 read with Rule 7 of the Service Tax Valuation Rules, 2006 is the actual consideration charged for the services. Withholding tax paid under income-tax law over and above the invoiced amount was not shown to form part of the service consideration, so it could not be added to the assessable value for service tax under reverse charge. The Tribunal followed its earlier decision on identical facts and held that service tax was payable only on the billed amount, rendering the demand on the withholding tax unsustainable. Case-Laws Service Tax Wed, 04 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364771