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
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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