https://www.taxtmi.com/article/detailed?id=10640 Service tax was not leviable on indivisible composite works contracts prior to the Finance Act, 2007 amendment; the Supreme Court upheld Larsen & Toubro, declined to reopen that precedent due to stare decisis and the Revenue's failure to seek timely review, and held that the statutory definition making works contract service taxable applies only prospectively from the amendment's enforcement date, thereby rendering the service component taxable only from that date. en-us Fri, 26 Aug 2022 10:42:25 +0530 Fri, 26 Aug 2022 10:42:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10640 Service tax was not leviable on indivisible composite works contracts prior to the Finance Act, 2007 amendment; the Supreme Court upheld Larsen & Toubro, declined to reopen that precedent due to stare decisis and the Revenue's failure to seek timely review, and held that the statutory definition making works contract service taxable applies only prospectively from the amendment's enforcement date, thereby rendering the service component taxable only from that date. Articles Service Tax Fri, 26 Aug 2022 10:42:25 +0530 https://www.taxtmi.com/article/detailed?id=10640