https://www.taxtmi.com/caselaws?id=267541 The Tribunal upheld the recovery of wrongly availed CENVAT Credit for services not meeting the input service definition under CENVAT Credit Rules, 2004. The appellants' appeal was rejected, confirming the demand for Rs. 3,79,155 with interest and penalty. However, the Tribunal ruled that the appellants were not eligible for CENVAT Credit on Membership Fees. It set aside the demand for interest and penalty considering the compliance history and timely reversal of credits upon audit detection. The judgment emphasized the importance of proper credit utilization and timely compliance in determining liability for interest and penalty. en-us Mon, 20 Jul 2015 00:00:00 +0530 Mon, 09 Nov 2015 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267541 The Tribunal upheld the recovery of wrongly availed CENVAT Credit for services not meeting the input service definition under CENVAT Credit Rules, 2004. The appellants' appeal was rejected, confirming the demand for Rs. 3,79,155 with interest and penalty. However, the Tribunal ruled that the appellants were not eligible for CENVAT Credit on Membership Fees. It set aside the demand for interest and penalty considering the compliance history and timely reversal of credits upon audit detection. The judgment emphasized the importance of proper credit utilization and timely compliance in determining liability for interest and penalty. Case-Laws Service Tax Mon, 20 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267541