Rule 4

Central Excise Officer (CEO) has the power to satisfy himself as to the accuracy of any information furnished or document presented for valuation.

If he is satisfied that the value so determined by the service provider is not in accordance with the provisions of the Act or these rules, he shall issue a notice to such service provider to show cause why the value of such taxable service for the purpose of charging service tax should not be fixed at the amount specified in the notice.

The Central Excise Officer shall, after providing reasonable opportunity of being heard, determine the value of such taxable service for the purpose of charging service tax in accordance with the provisions of the Act and these rules.

   

Procedure followed

  • Check Accuracy of value
  • If he feels value is not as per Act or Rules, he may issues show cause notice mentioning value
  • Give opportunity of being heard
  • Determines value

 

Exam Questions

Question 3
The value of taxable services determined by the person responsible to pay service tax cannot
be rejected by the Department. Examine the validity of the statement.

View Answer
  1. Service Tax
  2. Valuation of Taxable Service
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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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