https://www.taxtmi.com/caselaws?id=367925 The Tribunal set aside the lower authority's orders and allowed the appeals, ruling that the exempted portion under Notification No.4/2006 should not be included in the calculation for credit reversal related to Financial Leasing Services. The Tribunal determined that since Financial Leasing Services were taxable despite partial exemption, they did not qualify as "exempted services" under the Cenvat Credit Rules, 2004, and therefore, the exempted portion should not be considered in the credit reversal formula. en-us Fri, 10 Aug 2018 00:00:00 +0530 Fri, 28 Sep 2018 08:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367925 The Tribunal set aside the lower authority's orders and allowed the appeals, ruling that the exempted portion under Notification No.4/2006 should not be included in the calculation for credit reversal related to Financial Leasing Services. The Tribunal determined that since Financial Leasing Services were taxable despite partial exemption, they did not qualify as "exempted services" under the Cenvat Credit Rules, 2004, and therefore, the exempted portion should not be considered in the credit reversal formula. Case-Laws Service Tax Fri, 10 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367925