https://www.taxtmi.com/caselaws?id=269301 Cenvat credit on renting of immovable property service was held inadmissible where the rent-related input service was taken before commencement of the taxable output service and before registration as a service provider, because Rule 2(l) requires a nexus with provision of output service. The Tribunal also considered penalty separately: although full waiver was not accepted, later payment of service tax with interest was treated as a mitigating factor, and the penalty was reduced to 25% of the duty demand. The credit disallowance was sustained while limited relief was granted on penalty. en-us Tue, 29 Sep 2015 00:00:00 +0530 Sat, 12 Dec 2015 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269301 Cenvat credit on renting of immovable property service was held inadmissible where the rent-related input service was taken before commencement of the taxable output service and before registration as a service provider, because Rule 2(l) requires a nexus with provision of output service. The Tribunal also considered penalty separately: although full waiver was not accepted, later payment of service tax with interest was treated as a mitigating factor, and the penalty was reduced to 25% of the duty demand. The credit disallowance was sustained while limited relief was granted on penalty. Case-Laws Service Tax Tue, 29 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269301