https://www.taxtmi.com/caselaws?id=760660 CESTAT Allahabad allowed the appeal regarding service tax valuation on reverse charge basis for GTA services. The tribunal held that taxable value should be based on actual consideration paid to service provider as per Section 67 of Finance Act, 1994, not enhanced invoice value. The appellant correctly determined taxable value as gross amount paid after adjusting rewards and penalties. Rule 6(1)(x) cannot override Section 67 provisions. Citing SC precedent in Intercontinental Consultants case, the tribunal confirmed taxable value equals consideration paid as quid pro quo for services rendered. en-us Wed, 23 Oct 2024 00:00:00 +0530 Thu, 24 Oct 2024 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760660 CESTAT Allahabad allowed the appeal regarding service tax valuation on reverse charge basis for GTA services. The tribunal held that taxable value should be based on actual consideration paid to service provider as per Section 67 of Finance Act, 1994, not enhanced invoice value. The appellant correctly determined taxable value as gross amount paid after adjusting rewards and penalties. Rule 6(1)(x) cannot override Section 67 provisions. Citing SC precedent in Intercontinental Consultants case, the tribunal confirmed taxable value equals consideration paid as quid pro quo for services rendered. Case-Laws Service Tax Wed, 23 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760660