https://www.taxtmi.com/caselaws?id=418109 In a composite works contract for erection, installation and commissioning of lifts, VAT was paid on the goods component and service tax on the service component after bifurcation of contract value. The Tribunal applied the settled principle that VAT and service tax are mutually exclusive to the extent the same value cannot be taxed under both levies. It also noted that value on which VAT had already been discharged under the Tamil Nadu VAT Rules could not again be included for service tax under the service tax valuation rules. An earlier identical lift-installation decision was treated as directly applicable, and the demand, interest and penalties were held unsustainable. en-us Mon, 07 Feb 2022 00:00:00 +0530 Wed, 09 Feb 2022 05:43:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418109 In a composite works contract for erection, installation and commissioning of lifts, VAT was paid on the goods component and service tax on the service component after bifurcation of contract value. The Tribunal applied the settled principle that VAT and service tax are mutually exclusive to the extent the same value cannot be taxed under both levies. It also noted that value on which VAT had already been discharged under the Tamil Nadu VAT Rules could not again be included for service tax under the service tax valuation rules. An earlier identical lift-installation decision was treated as directly applicable, and the demand, interest and penalties were held unsustainable. Case-Laws Service Tax Mon, 07 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418109