https://www.taxtmi.com/caselaws?id=347664 The Tribunal allowed cross-utilization of Cenvat credit for service tax on output services, emphasizing the permissibility of using a common pool of credit without separate accounts. Consequently, demands against both companies were dropped. Regarding service tax rate, the Tribunal held that the rate should align with the service rendition date, not the payment receipt date, upholding the demand against one appellant but dropping the penalty. The judgment favored one appellant and partially allowed the other's appeal, providing clarity on Cenvat credit utilization and service tax rate applicability. en-us Mon, 31 Jul 2017 00:00:00 +0530 Fri, 08 Sep 2017 06:59:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347664 The Tribunal allowed cross-utilization of Cenvat credit for service tax on output services, emphasizing the permissibility of using a common pool of credit without separate accounts. Consequently, demands against both companies were dropped. Regarding service tax rate, the Tribunal held that the rate should align with the service rendition date, not the payment receipt date, upholding the demand against one appellant but dropping the penalty. The judgment favored one appellant and partially allowed the other's appeal, providing clarity on Cenvat credit utilization and service tax rate applicability. Case-Laws Service Tax Mon, 31 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347664