https://www.taxtmi.com/caselaws?id=75668 The case involved a dispute over the reversal of credit on input services under Rule 3(5) of the Cenvat Credit Rules, 2004. The Revenue demanded credit reversal on input services related to transportation, leading to penalty imposition. The Tribunal clarified that Rule 3(5) pertains to inputs or capital goods, not input services, and that Rule 3(1) allows credit for service tax. It held that the demand for service tax credit and penalty based on the reversal of input service credit was unjustified. The impugned order was set aside, and the appeal was allowed with consequential relief. en-us Wed, 01 Jul 2009 00:00:00 +0530 Tue, 04 May 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75668 The case involved a dispute over the reversal of credit on input services under Rule 3(5) of the Cenvat Credit Rules, 2004. The Revenue demanded credit reversal on input services related to transportation, leading to penalty imposition. The Tribunal clarified that Rule 3(5) pertains to inputs or capital goods, not input services, and that Rule 3(1) allows credit for service tax. It held that the demand for service tax credit and penalty based on the reversal of input service credit was unjustified. The impugned order was set aside, and the appeal was allowed with consequential relief. Case-Laws Service Tax Wed, 01 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75668