https://www.taxtmi.com/caselaws?id=763217 Reimbursable diesel and consumables paid on an actual basis under the contract do not form part of the assessable value for service tax because they are not consideration for the service. The commentary also notes that penalty under Section 78 of the Finance Act, 1994 may be justified in principle where tax-related defaults are found, but can be restricted where tax and interest have been paid and the circumstances warrant partial relief, including limitation of the penalty to 25% in the stated facts. en-us Fri, 13 Dec 2024 00:00:00 +0530 Mon, 16 Dec 2024 08:44:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763217 Reimbursable diesel and consumables paid on an actual basis under the contract do not form part of the assessable value for service tax because they are not consideration for the service. The commentary also notes that penalty under Section 78 of the Finance Act, 1994 may be justified in principle where tax-related defaults are found, but can be restricted where tax and interest have been paid and the circumstances warrant partial relief, including limitation of the penalty to 25% in the stated facts. Case-Laws Service Tax Fri, 13 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763217