https://www.taxtmi.com/caselaws?id=765935 CESTAT Chennai held that reimbursable expenses received by service providers from clients should not be included in taxable value for service tax purposes, following SC precedent in UOI v Intercontinental Consultants. The tribunal ruled that Rule 5(1) of Service Tax Valuation Rules 2006 was ultra vires for including such expenditures in taxable value. Extended limitation period was deemed unjustified as the issue was interpretational in nature without evidence of mala fides. Penalties were set aside and appeals allowed, with the impugned order being overturned. en-us Wed, 12 Feb 2025 00:00:00 +0530 Thu, 13 Feb 2025 08:36:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765935 CESTAT Chennai held that reimbursable expenses received by service providers from clients should not be included in taxable value for service tax purposes, following SC precedent in UOI v Intercontinental Consultants. The tribunal ruled that Rule 5(1) of Service Tax Valuation Rules 2006 was ultra vires for including such expenditures in taxable value. Extended limitation period was deemed unjustified as the issue was interpretational in nature without evidence of mala fides. Penalties were set aside and appeals allowed, with the impugned order being overturned. Case-Laws Service Tax Wed, 12 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765935