https://www.taxtmi.com/caselaws?id=448865 The Tribunal ruled in favor of the appellant, setting aside the demand for service tax on the TDS portion of foreign currency remittance for services received. The appellant argued that TDS paid to comply with the Income Tax Act should not be included in the taxable amount for service tax purposes. The Tribunal agreed, referencing Section 67(1)(a) of the Finance Act, 1994, and prior case law, concluding that TDS paid over and above the invoice value is not subject to service tax. The appeal was allowed, overturning the previous decisions by the adjudicating authority and the Commissioner (Appeals). en-us Wed, 31 Jan 2024 00:00:00 +0530 Wed, 31 Jan 2024 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448865 The Tribunal ruled in favor of the appellant, setting aside the demand for service tax on the TDS portion of foreign currency remittance for services received. The appellant argued that TDS paid to comply with the Income Tax Act should not be included in the taxable amount for service tax purposes. The Tribunal agreed, referencing Section 67(1)(a) of the Finance Act, 1994, and prior case law, concluding that TDS paid over and above the invoice value is not subject to service tax. The appeal was allowed, overturning the previous decisions by the adjudicating authority and the Commissioner (Appeals). Case-Laws Service Tax Wed, 31 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448865