https://www.taxtmi.com/caselaws?id=235623 The Tribunal upheld the decision of the Commissioner (Appeals) regarding the inadmissibility of input service credit on insurance premium for turnkey contracts. The appellant's failure to utilize the credit in providing output services and exclusion of material cost from service tax payment led to the rejection of the appeal. The demand and penalty imposed under the Canvas Credit Rules, 2004 were affirmed, emphasizing compliance with the specific notification and dismissing the appellant's arguments as lacking merit. en-us Fri, 17 May 2013 00:00:00 +0530 Mon, 29 Jul 2013 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235623 The Tribunal upheld the decision of the Commissioner (Appeals) regarding the inadmissibility of input service credit on insurance premium for turnkey contracts. The appellant's failure to utilize the credit in providing output services and exclusion of material cost from service tax payment led to the rejection of the appeal. The demand and penalty imposed under the Canvas Credit Rules, 2004 were affirmed, emphasizing compliance with the specific notification and dismissing the appellant's arguments as lacking merit. Case-Laws Service Tax Fri, 17 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235623