Court Grants Stay in Works Contract Case Involving Service Tax Valuation u/r 2A, Dispute Over Deduction of Material Costs.

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....Works Contract Service - considering the provisions of Rule 2A ibid applicable to valuation of ‘works contract service’, as the appellant has admittedly paid service tax on 15% of the gross value after deducting the cost of goods and materials involved in the execution of works - stay granted - AT....