https://www.taxtmi.com/caselaws?id=394275 The Tribunal held that the cost of fuel supplied by M/s ONGC Ltd should not be included in the taxable value of services provided by M/s Heligo Charters Pvt Ltd. The Tribunal set aside the tax demand, emphasizing that non-monetary receipts and reimbursable expenses should not be part of the taxable value. The retrospective application of amendments to the Finance Act, 1994, was deemed impermissible, aligning with Supreme Court decisions. The appeal was allowed, and the service tax, interest, and penalty demand were quashed. en-us Fri, 24 Jan 2020 00:00:00 +0530 Mon, 06 Apr 2020 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394275 The Tribunal held that the cost of fuel supplied by M/s ONGC Ltd should not be included in the taxable value of services provided by M/s Heligo Charters Pvt Ltd. The Tribunal set aside the tax demand, emphasizing that non-monetary receipts and reimbursable expenses should not be part of the taxable value. The retrospective application of amendments to the Finance Act, 1994, was deemed impermissible, aligning with Supreme Court decisions. The appeal was allowed, and the service tax, interest, and penalty demand were quashed. Case-Laws Service Tax Fri, 24 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394275