https://www.taxtmi.com/caselaws?id=219343 The court ruled against M/s. SBI Capital Market Limited in their application seeking waiver of pre-deposit and stay of recovery of Rs. 3,78,308/- along with interest and penalty. The dispute centered on the eligibility of CENVAT Credit for various services provided by the applicant, including Real Estate, Insurance Service, Outdoor Catering Services, Staff Welfare, Management, Maintenance, or Repair Services. The judge found that there was no nexus between the input services and the output services as required by the CENVAT Credit Rules, 2004. As a result, the applicant was required to make a pre-deposit of Rs. 1,00,000/- within six weeks to stay the recovery of the remaining amount pending appeal disposal. en-us Fri, 06 Jul 2012 00:00:00 +0530 Sat, 17 Nov 2012 17:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219343 The court ruled against M/s. SBI Capital Market Limited in their application seeking waiver of pre-deposit and stay of recovery of Rs. 3,78,308/- along with interest and penalty. The dispute centered on the eligibility of CENVAT Credit for various services provided by the applicant, including Real Estate, Insurance Service, Outdoor Catering Services, Staff Welfare, Management, Maintenance, or Repair Services. The judge found that there was no nexus between the input services and the output services as required by the CENVAT Credit Rules, 2004. As a result, the applicant was required to make a pre-deposit of Rs. 1,00,000/- within six weeks to stay the recovery of the remaining amount pending appeal disposal. Case-Laws Service Tax Fri, 06 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219343