https://www.taxtmi.com/caselaws?id=766081 CESTAT Chennai ruled in favor of the appellant regarding service tax valuation on reimbursed expenses. Following SC precedent in UOI v Intercontinental Consultants and Technocrats Pvt Ltd, the tribunal held that Rule 5(1) of Service Tax Valuation Rules, 2006 requiring inclusion of reimbursable expenses in taxable value was ultra vires Sections 66 and 67 of Finance Act, 1994. The tribunal concluded reimbursed expenses are not part of taxable value for service tax purposes, set aside the impugned order, and allowed the appeal. en-us Fri, 07 Feb 2025 00:00:00 +0530 Tue, 18 Feb 2025 08:10:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766081 CESTAT Chennai ruled in favor of the appellant regarding service tax valuation on reimbursed expenses. Following SC precedent in UOI v Intercontinental Consultants and Technocrats Pvt Ltd, the tribunal held that Rule 5(1) of Service Tax Valuation Rules, 2006 requiring inclusion of reimbursable expenses in taxable value was ultra vires Sections 66 and 67 of Finance Act, 1994. The tribunal concluded reimbursed expenses are not part of taxable value for service tax purposes, set aside the impugned order, and allowed the appeal. Case-Laws Service Tax Fri, 07 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766081