https://www.taxtmi.com/caselaws?id=765718 CESTAT Chandigarh allowed the appeal regarding service tax liability under reverse charge mechanism. The appellant correctly excluded withholding tax from assessable value for VISA transactions where WHT was reimbursable per agreement, but included grossed-up value for MasterCard transactions where WHT was non-reimbursable. The tribunal distinguished between the two agreements based on reimbursement terms, holding that only consideration actually received for services constitutes assessable value. Extended period of limitation was deemed inapplicable due to appellant's bona fide belief and regular return filing without evidence of suppression. en-us Thu, 06 Feb 2025 00:00:00 +0530 Fri, 07 Feb 2025 11:28:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765718 CESTAT Chandigarh allowed the appeal regarding service tax liability under reverse charge mechanism. The appellant correctly excluded withholding tax from assessable value for VISA transactions where WHT was reimbursable per agreement, but included grossed-up value for MasterCard transactions where WHT was non-reimbursable. The tribunal distinguished between the two agreements based on reimbursement terms, holding that only consideration actually received for services constitutes assessable value. Extended period of limitation was deemed inapplicable due to appellant's bona fide belief and regular return filing without evidence of suppression. Case-Laws Service Tax Thu, 06 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765718