https://www.taxtmi.com/caselaws?id=766195 CESTAT Chennai held that service tax should be levied only on actual consideration for services provided, excluding reimbursable expenses collected by the service provider. Following SC precedent in UOI v Intercontinental Consultants, the tribunal ruled that Rule 5(1) of Service Tax Valuation Rules, 2006 requiring inclusion of expenditures/costs in taxable value was ultra vires Sections 66 and 67 of Finance Act, 1994. The impugned order was set aside and appeal allowed, establishing that reimbursable expenses cannot be included in gross taxable value unless specifically legislated. en-us Fri, 07 Feb 2025 00:00:00 +0530 Thu, 20 Feb 2025 08:02:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766195 CESTAT Chennai held that service tax should be levied only on actual consideration for services provided, excluding reimbursable expenses collected by the service provider. Following SC precedent in UOI v Intercontinental Consultants, the tribunal ruled that Rule 5(1) of Service Tax Valuation Rules, 2006 requiring inclusion of expenditures/costs in taxable value was ultra vires Sections 66 and 67 of Finance Act, 1994. The impugned order was set aside and appeal allowed, establishing that reimbursable expenses cannot be included in gross taxable value unless specifically legislated. Case-Laws Service Tax Fri, 07 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766195