https://www.taxtmi.com/caselaws?id=314498 Income tax deducted at source and borne by an assessee for services received from foreign service providers is not part of the taxable value for service tax under reverse charge mechanism. The taxable value is the actual contractual consideration for the service, and a TDS amount merely discharged as a statutory withholding obligation does not become additional consideration. On that basis, the TDS amount could not be added to the assessable value, and the differential service tax, interest and penalties were not sustainable. en-us Thu, 02 Mar 2023 00:00:00 +0530 Sat, 15 Jun 2024 08:23:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314498 Income tax deducted at source and borne by an assessee for services received from foreign service providers is not part of the taxable value for service tax under reverse charge mechanism. The taxable value is the actual contractual consideration for the service, and a TDS amount merely discharged as a statutory withholding obligation does not become additional consideration. On that basis, the TDS amount could not be added to the assessable value, and the differential service tax, interest and penalties were not sustainable. Case-Laws Service Tax Thu, 02 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314498