X is in the business of consultancy. X has recd. pretermination compensation from a party. Is he required to pay service tax on the same?
Y is in the business of consultancy. She has recd reimbursement from a client. Howver, the reimbursement recd are over and above the actual cost anmd there is an profit element inbuilt. Is he required to pay service tax on the same?
When no service is provided the moneis received may not be liable but arguable.
Reimbursements are liabel under Rule 5 (1) of the ST valaution rules 2006. Not excludible under Rule 5 (2) since there is a margin.
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