Service tax not leviable on provision as per GAAP for sharing expenditure of receipt of sponsorship services

Vodafone Idea Limited Vs Commissioner of Central Excise (CESTAT Chennai) CESTAT Chennai held that the provisions made in the books of account by the appellant as per the GAAP towards sharing the expenditure on account of receipt of sponsorship services cannot be subjected to tax. Facts-M/s. Vodafone Idea Limited (formerly known as ‘M/s. Vodafone Cellular Ltd.’), passed by the Commissioner of Central Excise, Customs and Service Tax, Coimbatore confirming the demand of Service Tax of Rs.59,12,035/- under proviso to Section 73(1) of the Finance Act, 1994 along with recovery of appropriate int...