https://www.taxtmi.com/caselaws?id=271738 The Tribunal ruled in favor of the applicant, granting a full waiver of pre-deposit of tax amount and penalties. It disagreed with the Commissioner's denial of cenvat credit on input services, inputs, and capital goods for renting immovable property service. The Tribunal found that the inputs had a direct nexus to the output service and were eligible for credit, citing precedents and distinguishing contrary decisions. It noted that input credit had been allowed for similar cases by the Gujarat High Court. The Tribunal ordered the waiver of service tax and penalties, with the recovery of the amount stayed pending appeal disposal. en-us Tue, 13 Oct 2015 00:00:00 +0530 Mon, 15 Feb 2016 09:59:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271738 The Tribunal ruled in favor of the applicant, granting a full waiver of pre-deposit of tax amount and penalties. It disagreed with the Commissioner's denial of cenvat credit on input services, inputs, and capital goods for renting immovable property service. The Tribunal found that the inputs had a direct nexus to the output service and were eligible for credit, citing precedents and distinguishing contrary decisions. It noted that input credit had been allowed for similar cases by the Gujarat High Court. The Tribunal ordered the waiver of service tax and penalties, with the recovery of the amount stayed pending appeal disposal. Case-Laws Service Tax Tue, 13 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271738