https://www.taxtmi.com/caselaws?id=266957 The Tribunal rejected the appeal against allowing Cenvat credit of Service Tax on 'Banking and Financial Services' for the sale of shares. It was determined that the financial advisory services utilized fell within the definition of input services under the Cenvat Credit Rules, making the service tax credit eligible. The Tribunal upheld the Commissioner's decision, emphasizing that the services were essential for the appellants' business operations, facilitating financial restructuring for various business activities. The Tribunal clarified that the cited case of Maruti Suzuki Ltd. v. CCE, Delhi-III pertained to inputs, not input services, and found no fault in the Commissioner's order. en-us Fri, 23 Jan 2015 00:00:00 +0530 Tue, 27 Oct 2015 15:28:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266957 The Tribunal rejected the appeal against allowing Cenvat credit of Service Tax on 'Banking and Financial Services' for the sale of shares. It was determined that the financial advisory services utilized fell within the definition of input services under the Cenvat Credit Rules, making the service tax credit eligible. The Tribunal upheld the Commissioner's decision, emphasizing that the services were essential for the appellants' business operations, facilitating financial restructuring for various business activities. The Tribunal clarified that the cited case of Maruti Suzuki Ltd. v. CCE, Delhi-III pertained to inputs, not input services, and found no fault in the Commissioner's order. Case-Laws Service Tax Fri, 23 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266957