https://www.taxtmi.com/caselaws?id=258246 Annual maintenance contracts entered into and billed before the levy date were not shown to involve a clear post-levy rendition of service, so service tax, interest and penalties were not sustained and extended limitation was held inapplicable. On the exemption issue, reversal of credit before removal or use of the goods or service preserved the benefit of the notification on the Chandrapur Magnet Wires principle; the demand and penalties were set aside, though interest on the credit remained payable up to the date of reversal. en-us Fri, 23 Jan 2015 00:00:00 +0530 Fri, 03 Apr 2015 09:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258246 Annual maintenance contracts entered into and billed before the levy date were not shown to involve a clear post-levy rendition of service, so service tax, interest and penalties were not sustained and extended limitation was held inapplicable. On the exemption issue, reversal of credit before removal or use of the goods or service preserved the benefit of the notification on the Chandrapur Magnet Wires principle; the demand and penalties were set aside, though interest on the credit remained payable up to the date of reversal. Case-Laws Service Tax Fri, 23 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258246