https://www.taxtmi.com/caselaws?id=763602 The SC upheld the HC's decision regarding the inclusion of reimbursable expenses in the valuation of taxable services under the Finance Act, 1994, following the amendment by the Finance Act, 2015, effective from May 14, 2015. The Court ruled that the amendment is prospective, not retrospective. Consequently, the demand for the period before May 14, 2015, was quashed, favoring the petitioner. The writ petition was allowed for that period, and the petitioner was granted liberty to appeal for the period between May 14, 2015, and June 2017. No costs were incurred, and related petitions were closed. en-us Thu, 28 Nov 2024 00:00:00 +0530 Sat, 21 Dec 2024 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763602 The SC upheld the HC's decision regarding the inclusion of reimbursable expenses in the valuation of taxable services under the Finance Act, 1994, following the amendment by the Finance Act, 2015, effective from May 14, 2015. The Court ruled that the amendment is prospective, not retrospective. Consequently, the demand for the period before May 14, 2015, was quashed, favoring the petitioner. The writ petition was allowed for that period, and the petitioner was granted liberty to appeal for the period between May 14, 2015, and June 2017. No costs were incurred, and related petitions were closed. Case-Laws GST Thu, 28 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763602