https://www.taxtmi.com/caselaws?id=331838 The Tribunal ruled in favor of the Asset Management Company, allowing them to avail credit on service tax paid for brokerage commission. The decision overturned the demand for reversal of CENVAT credit and additional tax on output services imposed by the adjudicating authority. The Tribunal emphasized that commission paid for brokerage could be eligible for CENVAT credit, citing relevant court decisions and regulations. This judgment establishes a crucial precedent for cases concerning the eligibility of CENVAT credit on specific services in the financial sector. en-us Mon, 22 Aug 2016 00:00:00 +0530 Mon, 05 Sep 2016 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331838 The Tribunal ruled in favor of the Asset Management Company, allowing them to avail credit on service tax paid for brokerage commission. The decision overturned the demand for reversal of CENVAT credit and additional tax on output services imposed by the adjudicating authority. The Tribunal emphasized that commission paid for brokerage could be eligible for CENVAT credit, citing relevant court decisions and regulations. This judgment establishes a crucial precedent for cases concerning the eligibility of CENVAT credit on specific services in the financial sector. Case-Laws Service Tax Mon, 22 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331838