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Free-of-Charge Materials Excluded from Service Tax Exemptions u/s 93 for Works Contracts Valuation.

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Full Text of the Document

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....Valuation - works Contract - inclusion of FOC material - exemption u/s 93 can only be granted in respect of those activities which the Parliament is competent to levy service tax - The value of the goods/materials cannot be added for the purpose of aforesaid notification - SC....