https://www.taxtmi.com/caselaws?id=447000 Only consideration received as service consideration forms part of taxable value under section 67(1) of the Finance Act; refundable security deposits and reimbursable imprest expenses were held outside service tax because they were not consideration for services, and the demand on year-end balances treated as advances failed. Excess service tax already disclosed in the ST-3 return could be adjusted under Rule 6(4A) of the Service Tax Rules, 1994, and a separate prior intimation was treated as a curable procedural lapse. Once the demand failed and adjustment was allowed, the consequential interest and penalties also could not survive. en-us Fri, 15 Dec 2023 00:00:00 +0530 Sat, 16 Dec 2023 13:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447000 Only consideration received as service consideration forms part of taxable value under section 67(1) of the Finance Act; refundable security deposits and reimbursable imprest expenses were held outside service tax because they were not consideration for services, and the demand on year-end balances treated as advances failed. Excess service tax already disclosed in the ST-3 return could be adjusted under Rule 6(4A) of the Service Tax Rules, 1994, and a separate prior intimation was treated as a curable procedural lapse. Once the demand failed and adjustment was allowed, the consequential interest and penalties also could not survive. Case-Laws Service Tax Fri, 15 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447000