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Commissioner Of Service Tax, Etc.Etc. vs M/S.Bhayana Builders (P) Ltd. Etc.Etc. on 18 November, 2016

 he would further submit that perusal of Section 15(1) would indicate that the value of supply shall be the transaction value, which is the price actually paid or payable and the words 'said supply' in conjunction with the phrase 'price actually paid or payable' is directly relatable to such supply agreed to be made;  learned counsel would submit that when the agreement has been entered between the parties, the same cannot be ignored while examining the tax liability. To buttress his contention, learned counsel would place upon the decision rendered by the Supreme Court in the matter of Commissioner of Service Tax v Bhayana Builders Private Limited 1 In the said case examining the valuation provisions under the Service Tax Act, it is held that free supplies made by the service recipient cannot be added to the taxable value of the service provider;
Supreme Court - Daily Orders Cites 0 - Cited by 24 - Full Document

Union Of India vs M/S Mohit Minerals Pvt. Ltd. on 19 May, 2022

The submission that free supply by the service recipient has been Neutral Citation 2023:CGHC:25692-DB 39 WPT No.117 of 2022 excluded as per final GST Law. Therefore, the legislative history in the draft GST Law is required to be seen. It is contended that there is a conscious omission by the Legislature to include value of free supply by recipient to evaluate the entire supply. The reference is made to case law reported in (2022) 10 SCC 700 - Mohit Minerals Pvt. Ltd (supra).
Supreme Court of India Cites 176 - Cited by 88 - D Y Chandrachud - Full Document

Union Of India vs Vkc Footsteps India Pvt. Ltd. on 13 September, 2021

16. The Supreme Court in the matter of VKC Footsteps India Private Limited (supra) has defined the constitutional scheme of GST. Mainly it demonstrates that the idea which permeates GST legislation globally is to impose a multi stage tax under which each point in a supply chain is potentially taxed. Suppliers are entitled to avail credit of tax paid at an anterior stage. As a result, GST fulfills the description of a tax which is based on value addition. The Supreme Court at paras 44, 45, 46 & 47 held thus :
Supreme Court of India Cites 98 - Cited by 97 - D Y Chandrachud - Full Document
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