Unbilled Revenue not Consideration hence not Taxable: CESTAT [Read Order]

Unbilled revenue not consideration hence not taxable, rules CESTAT
Unbilled Revenue - Customs - Excise - Service Tax - TAXSCAN

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai Bench observed that unbilled revenue is not consideration and hence not taxable. Entertaining a doubt that as per the balance sheet for the year under challenge and the Profit & Loss account, the assessee was liable to pay Service Tax on the amount received on…

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