Exemption - Cost of Goods or Material Sold by the provider of service

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..... ided, if identifiable and under an independent contract of supply, than no service tax will be leviable thereon and there is no question of exemption from the same would arise. Section 67 of the Act provides the provisions for valuation of taxable services. As per section 67 , The value of any taxable service shall be gross amount charged by the service provider for such services provided or .....

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..... urse of services provided. However, after introduction of negative list, above notification has been withdrawn. Now there are various provisions for deduction of value of goods / material from the gross value or value of an activity which is not subject to service tax. For separate discussion on various services See: Abatement, Composite Rate of Tax, and Valuation S .....

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