https://www.taxtmi.com/caselaws?id=449416 A bus arrangement with UPSRTC on a profit-sharing basis, without fixed rent or hire charges, did not satisfy the essential elements of rent-a-cab operator service and was not taxable on that footing. For small-scale exemption, only the taxable value remaining after the applicable abatement and exclusion mechanism could be counted for threshold purposes; on that computation, the taxable value stayed below the exemption limit for each financial year. The service tax demand and related penalties were therefore unsustainable and were set aside, granting the assessee complete relief. en-us Fri, 09 Feb 2024 00:00:00 +0530 Mon, 12 Feb 2024 06:29:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449416 A bus arrangement with UPSRTC on a profit-sharing basis, without fixed rent or hire charges, did not satisfy the essential elements of rent-a-cab operator service and was not taxable on that footing. For small-scale exemption, only the taxable value remaining after the applicable abatement and exclusion mechanism could be counted for threshold purposes; on that computation, the taxable value stayed below the exemption limit for each financial year. The service tax demand and related penalties were therefore unsustainable and were set aside, granting the assessee complete relief. Case-Laws Service Tax Fri, 09 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449416