https://www.taxtmi.com/caselaws?id=248724 The Tribunal ruled in favor of the appellant, a Goods Transport Agency, in a case involving eligibility for exemption under Notification No. 1/06-ST. The appellant had availed of Cenvat credit on input services, which was subsequently reversed upon realizing the error. The Tribunal held that the reversal of Cenvat credit satisfied the exemption condition, contrary to the Commissioner's decision. The Tribunal set aside the order, allowing the appeal and determining that the exemption applied, while also finding the penalty under Section 78 unjustified. en-us Fri, 13 Jun 2014 00:00:00 +0530 Sat, 21 Jun 2014 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248724 The Tribunal ruled in favor of the appellant, a Goods Transport Agency, in a case involving eligibility for exemption under Notification No. 1/06-ST. The appellant had availed of Cenvat credit on input services, which was subsequently reversed upon realizing the error. The Tribunal held that the reversal of Cenvat credit satisfied the exemption condition, contrary to the Commissioner's decision. The Tribunal set aside the order, allowing the appeal and determining that the exemption applied, while also finding the penalty under Section 78 unjustified. Case-Laws Service Tax Fri, 13 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248724