2015 (6) TMI 378

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..... construction service require to be disclosed as part of the gross consideration received for rendition of taxable construction services, to be entitled to the benefits of Notification No. 1/2006-ST - Held that:- This issue stand settled by the decision of Larger Bench of this Tribunal in Bhayana Builders (P) Ltd. v. CST [2013 (9) TMI 294 - CESTAT NEW DELHI (LB)] - Impugned order cannot be sustaine .....

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..... directed recovery of interest; and penalties under Sections 76 and 77 of the Finance Act, 1994 (Act). Thereafter a corrigendum dated 8-9-2008 was issued, modifying the quantum of penalty imposed under Section 76 of the Act. 3. The appellant is inter alia engaged in rendition of services, construction of industrial buildings and civil works entered to an agreement with M/s. National Thermal Powe .....

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..... otification was issued by the Central Government in exercise of its powers under Section 93 of the Act. There is no dispute that the appellant remitted 33% of the gross tax payable on the consideration received for rendition of the service, in terms of the Notification. 4. Proceedings were however initiated on a premise by Revenue that the appellant was required to disclose the value of the fre .....

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