[Omitted] - Section 67

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1. Substituted by the Finance Act, 2006.

2. Substituted by the Finance Act, 2008 for the words “book adjustment.”.

3. Omitted by the Finance Act, 2012 for the following :-

"(b) "money" includes any currency, cheque, promissory note, letter of credit, draft, pay order, travelers cheque, money order, postal remittance and other similar instruments but does not include currency that is held for its numismatic value;"

4. Substituted by the Finance Act, 2015 for the following : -

"(a) "consideration" includes any amount that is payable for the taxable services provided or to be provided;"

5. Omitted by the Central Goods and Services Tax Act, 2017 the previous text was:-

67. ¹[Valuation of taxable services for charging service tax

(1) Subject to the provisions of this Chapter, service tax chargeable on any taxable service with reference to its value shall,--

(i) in a case where the provision of service is for a consideration in money, be the gross amount charged by the service provider for such service provided or to be provided by him;

(ii) in a case where the provision of service is for a consideration not wholly or partly consisting of money, be such amount in money, with the addition of service tax charged, is equivalent to the consideration;

(iii) in a case where the provision of service is for a consideration which is not ascertainable, be the amount as may be determined in the prescribed manner.

(2) Where the gross amount charged by a service provider, for the service provided or to be provided is inclusive of service tax payable, the value of such taxable service shall be such amount as, with the addition of tax payable, is equal to the gross amount charged.