https://www.taxtmi.com/caselaws?id=368201 The Tribunal upheld the Commissioner's decision, ruling that no CENVAT Credit was admissible for input services used in trading activities as per the Cenvat statute. The Tribunal found that trading activities did not qualify as taxable output services, and therefore, availing credit for such activities indicated an intention to defraud the government revenue. The Tribunal dismissed both appeals by the Revenue and the assessee, affirming the CENVAT Credit demand and penalties imposed under the Finance Act, 1994. en-us Thu, 06 Sep 2018 00:00:00 +0530 Thu, 04 Oct 2018 07:30:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368201 The Tribunal upheld the Commissioner's decision, ruling that no CENVAT Credit was admissible for input services used in trading activities as per the Cenvat statute. The Tribunal found that trading activities did not qualify as taxable output services, and therefore, availing credit for such activities indicated an intention to defraud the government revenue. The Tribunal dismissed both appeals by the Revenue and the assessee, affirming the CENVAT Credit demand and penalties imposed under the Finance Act, 1994. Case-Laws Service Tax Thu, 06 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368201