Friday, 29 August 2014

No rejection of valuation before rejecting agreement of services after adhering to Rule 4

Service Tax : Where consideration charged by service provider appears to be below cost incurred by him, valuation under rule 3 on 'cost basis' can be resorted to only after : (a) agreement showing consideration is rejected under section 67(1)(i) and (b) procedure under rule 4 of Service Tax Valuation Rules is followed


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