Appellate Tribunal Upholds Credit for Service Tax on Input Services under SEBI Regulations

The appellate tribunal upheld the decision allowing respondents to claim credit for service tax paid on input services as they were used for providing output services as per SEBI regulations. The department's appeal was dismissed.

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The appeal involved a refund claim of Rs. 20,502/- of service tax and Rs. 3,378/- interest. The dispute was whether the respondents could claim credit for service tax paid on input services. The appellate tribunal upheld the lower authority's decision, stating the input services were used for providing output services as per SEBI regulations. The department's appeal was dismissed. (Order pronounced on 08.04.2011)

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