Higher Turnover in Books of Accounts Can Be Considered for Service Tax Liability, But Only if Figures Reflect Value of Taxable Services: CESTAT

The CESTAT has ruled that "higher turnover in books of accounts can be considered for service tax liability, but only if the figures reflect the value of taxable services." This is a significant ruling that provides clarity on the legal standing of claims made by the EPFO during the corporate insolvency resolution process. The court's decision, which is a significant victory for the government, was made on the grounds that the company's claim was not supported by evidence.