2018 (8) TMI 1514 - AT - Service Tax

Valuation - inclusion of expenses such as statutory levy on various reimbursable charges incurred by the appellant and recovered from, their clients in assessable value - Held that - The issue is now finally settled by the Hon ble Apex Court in the case of UOI Vs Intercontinental Consultants And Technocrats Pvt. Ltd. 2018 (3) TMI 357 - SUPREME COURT OF INDIA wherein the Apex Court has unequivocally laid down that such reimbursable cost shall not form part of valuation of taxable services prior to 14.05.2015 - appeal allowed - decided in favor of appellant.

Summary

The Appellate Tribunal CESTAT Chennai ruled in favor of the appellant, stating that expenses like statutory levy on reimbursable charges recovered from clients should not be included in the taxable value. The decision was based on a previous ruling by the Hon'ble Apex Court in the case of UOI Vs Intercontinental Consultants And Technocrats Pvt. Ltd. - 2018 (3) TMI 357 - SC. The impugned order was set aside, and the appeal was allowed with consequential benefits as per law.