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New Ruling: Service Tax on Tyre Retreading Contracts Limited to 30% of Total Value u/s 67.

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....Valuation u/s 67 - works contract for retreading of tyres - assessee is liable to pay service tax only on the service component which has been quantified at 30% - Decision of larger bench of CESTAT set aside - SC....

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New Ruling: Service Tax on Tyre Retreading Contracts Limited to 30% of Total Value u/s 67.