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Valuation of Non-monetary consideration under Service Tax



The term service is defined under service tax law to mean any activity for consideration by one person for another. In this regard, it is important to note that section 67 of the finance act, 1994 determines consideration to include both monetary as well as non-monetary consideration. Monetary consi
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About the Author

Indirect Taxes Specialization

Im a Qualified Chartered Accountant, currently working with a reputed firm in Hyderabad, specializing in the area of Indirect Taxes.


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