Service Tax Demand cannot be justified solely on the basis of Accounting Entries presumed as consideration: CESTAT grants Relief to Heidelberg India [Read Order]

The Tribunal noted that the appellant had paid service tax on the commission and created a provision for warranty expenses in line with Accounting Standards (AS) 29
By Sneha Sukumaran Mullakkal - On August 30, 2024 3:31 pm - 3 mins read
CESTAT - CESTAT Chennai - Service Tax demand - Service Tax - Heidelberg India - Heidelberg chennai - taxscan

In the recent case, the Chennai bench of Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) ruled that a service tax demand cannot be justified solely based on accounting entries presumed as consideration. The Tribunal set aside the demand, finding that service tax was wrongly imposed on a provision for warranty expenses already…

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