https://www.taxtmi.com/caselaws?id=751544 Service tax on services received from associated enterprises was held payable when provisional debit or credit entries were made, because the valuation and point-of-taxation scheme treated book entries as relevant for timing of liability and not actual remittance. The extended limitation period was held invocable where non-payment at the prescribed stage and the accounting treatment were within the assessee's knowledge; interest followed as a statutory consequence and penalty was attracted in principle. The demand, however, required fresh computation after adjusting tax actually paid, so the matter was remanded for recomputation of tax, interest, and penalty. en-us Tue, 16 Apr 2024 00:00:00 +0530 Thu, 18 Apr 2024 21:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751544 Service tax on services received from associated enterprises was held payable when provisional debit or credit entries were made, because the valuation and point-of-taxation scheme treated book entries as relevant for timing of liability and not actual remittance. The extended limitation period was held invocable where non-payment at the prescribed stage and the accounting treatment were within the assessee's knowledge; interest followed as a statutory consequence and penalty was attracted in principle. The demand, however, required fresh computation after adjusting tax actually paid, so the matter was remanded for recomputation of tax, interest, and penalty. Case-Laws Service Tax Tue, 16 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751544