2024 (9) TMI 1320 - SCH - Service Tax

Levy of service tax - Business Auxiliary Services (BAS) - expenses reimbursed to the foreign distributors under reverse charge mechanism - Extended period of limitation - it was held by CESTAT that 'in the instant case, the gross value of taxable service for the purpose of computation of service tax shall be the gross amount paid by the recipient of such service.' HELD THAT - No case is made out for grant of stay. However, time of three months granted to the appellant to deposit the demand for the normal period. The application for stay is disposed of accordingly.

Summary

The Supreme Court denied ex-parte stay but granted the appellant three months to deposit the demand for the normal period. Application for stay was disposed of accordingly. (TMI Citation)