2014 (8) TMI 921

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..... being neither monetary or non-monetary consideration paid by or flowing from the service recipient, accruing to the benefit of service provider, would be outside the taxable value of the gross amount charged within the meaning of the expression in Section 67 of the Finance Act. The Larger Bench further held that the value of free supply by service recipient does not comprise the gross amount char .....

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..... est and penalties are also imposed. The demands were confirmed after taking into consideration the free supply material by the service recipient. 4. The Revenue is of the view that the value of free supply material is to be taken into consideration for arriving at the assessable value for the purpose of service tax. 5. We find that this issue is now settled by the Larger Bench of the Tribuna .....

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