https://www.taxtmi.com/caselaws?id=204008 The Tribunal ruled in favor of the company, allowing eligibility for Cenvat credit on service tax paid for banking and financial services related to private placement of equity shares. It held that these services constituted 'input services' under the Cenvat Credit Rules, facilitating capital raising for manufacturing activities. The Tribunal emphasized that the credit should not be denied based solely on invoicing details and granted a stay on recovery, interest, and penalty, acknowledging a prima facie case in favor of the company. en-us Mon, 28 Feb 2011 00:00:00 +0530 Fri, 02 Sep 2011 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204008 The Tribunal ruled in favor of the company, allowing eligibility for Cenvat credit on service tax paid for banking and financial services related to private placement of equity shares. It held that these services constituted 'input services' under the Cenvat Credit Rules, facilitating capital raising for manufacturing activities. The Tribunal emphasized that the credit should not be denied based solely on invoicing details and granted a stay on recovery, interest, and penalty, acknowledging a prima facie case in favor of the company. Case-Laws Service Tax Mon, 28 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204008