https://www.taxtmi.com/caselaws?id=361426 The tribunal set aside the demand for payment equal to 8%/6% on the exempted service value by ruling that Rule 6(3)(ii) did not apply as the interest on lending services was only partially exempted. It was held that the appellant, a cooperative bank, providing banking and financial services, had correctly availed Cenvat credit on specified services. The tribunal emphasized that denial of Cenvat credit for input services used in partially exempted services was unjustified. Consequently, the tribunal allowed the appeal, rejecting the Revenue's argument and emphasizing that Rule 6(3)(ii) does not apply to services only partially exempt from service tax. en-us Tue, 15 May 2018 00:00:00 +0530 Tue, 19 Mar 2019 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361426 The tribunal set aside the demand for payment equal to 8%/6% on the exempted service value by ruling that Rule 6(3)(ii) did not apply as the interest on lending services was only partially exempted. It was held that the appellant, a cooperative bank, providing banking and financial services, had correctly availed Cenvat credit on specified services. The tribunal emphasized that denial of Cenvat credit for input services used in partially exempted services was unjustified. Consequently, the tribunal allowed the appeal, rejecting the Revenue's argument and emphasizing that Rule 6(3)(ii) does not apply to services only partially exempt from service tax. Case-Laws Service Tax Tue, 15 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361426