https://www.taxtmi.com/caselaws?id=252153 The Tribunal ruled in an appeal and stay petition against a service tax demand, finding that cenvat credit for inputs and capital goods used in construction for commercial purposes was not permissible, while credit for input services was allowed. The appellant's reliance on precedents and circulars was considered, but the Revenue's argument prevailed due to inadequate record-keeping. The appellant was directed to pre-deposit the amount of ineligible credit within a specified timeframe, emphasizing the importance of proper documentation for credit claims and compliance with the Tribunal's decision. en-us Mon, 11 Aug 2014 00:00:00 +0530 Sat, 11 Oct 2014 22:31:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252153 The Tribunal ruled in an appeal and stay petition against a service tax demand, finding that cenvat credit for inputs and capital goods used in construction for commercial purposes was not permissible, while credit for input services was allowed. The appellant's reliance on precedents and circulars was considered, but the Revenue's argument prevailed due to inadequate record-keeping. The appellant was directed to pre-deposit the amount of ineligible credit within a specified timeframe, emphasizing the importance of proper documentation for credit claims and compliance with the Tribunal's decision. Case-Laws Service Tax Mon, 11 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252153