https://www.taxtmi.com/caselaws?id=344396 The case involved the denial of Cenvat Credit availed by appellants providing telecommunication services, with the Revenue restricting credit utilization to 20% for providing exempted services. The Tribunal ruled in favor of the appellants, holding that the 20% cap did not apply to certain credits. The matter was remanded for recalculation, excluding capital goods credit and specified services from the restriction. The Tribunal directed the adjudicating authority to verify and re-calculate the demand, emphasizing no penalty if no demand arises post-recalculation. The appeal was disposed of by remanding for compliance with the Tribunal's findings. en-us Tue, 09 May 2017 00:00:00 +0530 Fri, 16 Jun 2017 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344396 The case involved the denial of Cenvat Credit availed by appellants providing telecommunication services, with the Revenue restricting credit utilization to 20% for providing exempted services. The Tribunal ruled in favor of the appellants, holding that the 20% cap did not apply to certain credits. The matter was remanded for recalculation, excluding capital goods credit and specified services from the restriction. The Tribunal directed the adjudicating authority to verify and re-calculate the demand, emphasizing no penalty if no demand arises post-recalculation. The appeal was disposed of by remanding for compliance with the Tribunal's findings. Case-Laws Service Tax Tue, 09 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344396