https://www.taxtmi.com/caselaws?id=440554 Service tax liability cannot be inferred merely from balance-sheet entries or ST-3 reconciliation differences, because book entries alone do not prove receipt of taxable consideration or rendition of service; admitted short payment already made was treated separately. A 1% joint venture cost allocation and amounts booked for joint venture obligations were treated as internal venture contributions for a common commercial purpose, not as consideration for management or business consultancy service, in the absence of a distinct service-provider and service-recipient relationship. Penalties were also stated to be unsustainable where the dispute arose from reconciliation issues and there was no indication of suppression or intent to evade. en-us Mon, 17 Jul 2023 00:00:00 +0530 Fri, 21 Jul 2023 08:24:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440554 Service tax liability cannot be inferred merely from balance-sheet entries or ST-3 reconciliation differences, because book entries alone do not prove receipt of taxable consideration or rendition of service; admitted short payment already made was treated separately. A 1% joint venture cost allocation and amounts booked for joint venture obligations were treated as internal venture contributions for a common commercial purpose, not as consideration for management or business consultancy service, in the absence of a distinct service-provider and service-recipient relationship. Penalties were also stated to be unsustainable where the dispute arose from reconciliation issues and there was no indication of suppression or intent to evade. Case-Laws Service Tax Mon, 17 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440554