https://www.taxtmi.com/caselaws?id=763613 Service tax valuation under section 67 of the Finance Act, 1994, read with Rule 7 of the Service Tax Valuation Rules, 2006, is confined to the actual consideration charged for the service. An amount deducted by the recipient as TDS from payments to a foreign service provider does not, by itself, become part of the service consideration and cannot be added to the taxable value. On that basis, a demand raised only on the TDS differential was held inconsistent with the valuation scheme and was set aside in favour of the assessee. en-us Fri, 29 Nov 2024 00:00:00 +0530 Mon, 23 Dec 2024 15:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763613 Service tax valuation under section 67 of the Finance Act, 1994, read with Rule 7 of the Service Tax Valuation Rules, 2006, is confined to the actual consideration charged for the service. An amount deducted by the recipient as TDS from payments to a foreign service provider does not, by itself, become part of the service consideration and cannot be added to the taxable value. On that basis, a demand raised only on the TDS differential was held inconsistent with the valuation scheme and was set aside in favour of the assessee. Case-Laws Service Tax Fri, 29 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763613