https://www.taxtmi.com/caselaws?id=405721 The Tribunal ruled in favor of the Appellant, setting aside the Commissioner's order confirming the demand of service tax. It was held that the value of LNG identified as "allowed loss and consumption" should not be included in the taxable value for service tax purposes. The Tribunal emphasized that such provisions in the contract do not constitute consideration for the services provided, following legal principles and precedents. Therefore, the Appellant was not liable to pay service tax on the "free of cost" LNG supplied by customers, leading to the decision in favor of the Appellant. en-us Mon, 22 Mar 2021 00:00:00 +0530 Fri, 26 Mar 2021 08:49:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405721 The Tribunal ruled in favor of the Appellant, setting aside the Commissioner's order confirming the demand of service tax. It was held that the value of LNG identified as "allowed loss and consumption" should not be included in the taxable value for service tax purposes. The Tribunal emphasized that such provisions in the contract do not constitute consideration for the services provided, following legal principles and precedents. Therefore, the Appellant was not liable to pay service tax on the "free of cost" LNG supplied by customers, leading to the decision in favor of the Appellant. Case-Laws Service Tax Mon, 22 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405721