https://www.taxtmi.com/caselaws?id=772485 The SC/Tribunal addressed three key issues regarding Service Tax on advances: (1) tax liability on pre-service advances, (2) cum-duty valuation benefits, and (3) extended limitation period and penalties. The court largely ruled in favor of the appellants, finding no deliberate tax evasion, setting aside penalties, and remanding the case for further examination of cum-duty valuation and tax calculation, emphasizing the need for proper reasoning and evidence of suppression. en-us Mon, 09 Jun 2025 00:00:00 +0530 Tue, 10 Jun 2025 08:43:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772485 The SC/Tribunal addressed three key issues regarding Service Tax on advances: (1) tax liability on pre-service advances, (2) cum-duty valuation benefits, and (3) extended limitation period and penalties. The court largely ruled in favor of the appellants, finding no deliberate tax evasion, setting aside penalties, and remanding the case for further examination of cum-duty valuation and tax calculation, emphasizing the need for proper reasoning and evidence of suppression. Case-Laws Service Tax Mon, 09 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772485