https://www.taxtmi.com/caselaws?id=758833 CESTAT Ahmedabad dismissed Revenue's appeal regarding differential service tax demand on credit notes and spares/consumables. The tribunal held that credit notes issued for reduced contract price due to Plant Available Factor below 75% were not liable to service tax, as the reduced amount represented actual gross value charged under Section 67 of Finance Act, 1994. Service tax was not chargeable on spares and consumables supplied during power plant maintenance services, as these constituted separate sale of goods transactions. The respondent was required to reverse Cenvat credit on spares where no service tax was paid. en-us Fri, 13 Sep 2024 00:00:00 +0530 Thu, 19 Sep 2024 12:25:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758833 CESTAT Ahmedabad dismissed Revenue's appeal regarding differential service tax demand on credit notes and spares/consumables. The tribunal held that credit notes issued for reduced contract price due to Plant Available Factor below 75% were not liable to service tax, as the reduced amount represented actual gross value charged under Section 67 of Finance Act, 1994. Service tax was not chargeable on spares and consumables supplied during power plant maintenance services, as these constituted separate sale of goods transactions. The respondent was required to reverse Cenvat credit on spares where no service tax was paid. Case-Laws Service Tax Fri, 13 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758833