https://www.taxtmi.com/caselaws?id=758452 The CESTAT New Delhi held that the amendment to Rule 6 of CCR introducing service tax liability on book entries for transactions between associated enterprises was prospective, not retrospective. The tribunal ruled that service tax liability arises only upon receipt of payment, and since payment was not received by the appellant during the disputed period, no service tax was due. The amendment effective from 10.05.2008 could not be applied to outstanding amounts in books prior to that date. The demand order was set aside and appeal allowed. en-us Wed, 11 Sep 2024 00:00:00 +0530 Sat, 14 Sep 2024 08:24:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758452 The CESTAT New Delhi held that the amendment to Rule 6 of CCR introducing service tax liability on book entries for transactions between associated enterprises was prospective, not retrospective. The tribunal ruled that service tax liability arises only upon receipt of payment, and since payment was not received by the appellant during the disputed period, no service tax was due. The amendment effective from 10.05.2008 could not be applied to outstanding amounts in books prior to that date. The demand order was set aside and appeal allowed. Case-Laws Service Tax Wed, 11 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758452