Valuation - inclusion of cost of goods sold - the supply ...

Ownership Transfer of Machinery Excludes Goods Cost from Service Tax Valuation, Per Contract Terms.

September 23, 2013

Case Laws     Service Tax     AT

Valuation - inclusion of cost of goods sold - the supply contract indicates that the ownership of the plant and machinery gets passed over to the service recipient, as and when the said machinery is delivered at the site of the said M/s VPCL or M/s EPGL - prima facie value not includible - AT

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