https://www.taxtmi.com/caselaws?id=443632 For service tax threshold purposes, the exempt 60% portion of consideration under Notification No. 01/2006-ST could not be included in the taxable value, so the value remained below the limit under Notification No. 06/2005-ST and no tax was payable on that count. The provision of buses to Punjab Road Transport Corporation on a per-kilometre hire basis was treated as a contract of hire, not rent-a-cab service, because the buses were placed at the corporation's disposal while the operators continued to bear operating expenses. As the classification failed, penalty did not arise. en-us Wed, 30 Aug 2023 00:00:00 +0530 Wed, 27 Sep 2023 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443632 For service tax threshold purposes, the exempt 60% portion of consideration under Notification No. 01/2006-ST could not be included in the taxable value, so the value remained below the limit under Notification No. 06/2005-ST and no tax was payable on that count. The provision of buses to Punjab Road Transport Corporation on a per-kilometre hire basis was treated as a contract of hire, not rent-a-cab service, because the buses were placed at the corporation's disposal while the operators continued to bear operating expenses. As the classification failed, penalty did not arise. Case-Laws Service Tax Wed, 30 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443632