https://www.taxtmi.com/caselaws?id=241457 The Tribunal confirmed the tax demands on services received from abroad but allowed the appellants to avail Cenvat credit. The services were classified as "Business Auxiliary Service" under the Finance Act, making them taxable under the reverse charge mechanism. The appellants were deemed eligible for Cenvat credit on the service tax paid. Penalties under sections 76 and 78 were set aside, while penalties under section 77 were upheld. Interest will be payable by the appellants. en-us Wed, 22 May 2013 00:00:00 +0530 Tue, 21 Feb 2017 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241457 The Tribunal confirmed the tax demands on services received from abroad but allowed the appellants to avail Cenvat credit. The services were classified as "Business Auxiliary Service" under the Finance Act, making them taxable under the reverse charge mechanism. The appellants were deemed eligible for Cenvat credit on the service tax paid. Penalties under sections 76 and 78 were set aside, while penalties under section 77 were upheld. Interest will be payable by the appellants. Case-Laws Service Tax Wed, 22 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241457