Expenses included in Gross Transaction Value and Suffered Service Tax: CESTAT dismisses Revenue Appeal [Read Order]

CESTAT dismisses revenue appeal as the expenses incurred by the petitioner was included in the gross transaction value which has already suffered service tax
By Kalyani B. Nair - On April 20, 2024 7:07 pm - 2 mins read
CESTAT - CESTAT Bangalore - Service Tax - Gross Transaction Value - TAXSCAN

The Bangalore Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) dismissed revenue appeal as the expenses incurred by the petitioner was included in the gross transaction value which has already suffered service tax. The respondents are NBFC and are, inter alia, engaged in providing gold loan to various customers. It…

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