https://www.taxtmi.com/caselaws?id=367781 A service tax demand based only on a comparison between balance-sheet receipts and ST-3 returns was found unsustainable where the alleged difference arose from accounting entries and the audited books of account were not rejected. The Tribunal noted that gross receipts and sundry debtors reflected in the financial statements were accounting figures, and the Revenue had not identified any defect in the books or a proper basis for treating the differential amount as taxable value. On that footing, the show cause notice was treated as misconceived, vague, and erroneous, and the demand and penalties were set aside. en-us Thu, 20 Sep 2018 00:00:00 +0530 Wed, 26 Sep 2018 08:47:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367781 A service tax demand based only on a comparison between balance-sheet receipts and ST-3 returns was found unsustainable where the alleged difference arose from accounting entries and the audited books of account were not rejected. The Tribunal noted that gross receipts and sundry debtors reflected in the financial statements were accounting figures, and the Revenue had not identified any defect in the books or a proper basis for treating the differential amount as taxable value. On that footing, the show cause notice was treated as misconceived, vague, and erroneous, and the demand and penalties were set aside. Case-Laws Service Tax Thu, 20 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367781