https://www.taxtmi.com/caselaws?id=368359 The Tribunal set aside the demand for the extended period and upheld the reversal of CENVAT credits for the normal period only. Penalties imposed were also set aside based on lack of suppression of facts and precedents. The Tribunal concluded that trading was not considered a service for tax purposes during the relevant period, leading to the decision in favor of the appellants regarding the demand of service tax credit on common input services attributable to trading activity. en-us Fri, 05 Oct 2018 00:00:00 +0530 Mon, 15 Oct 2018 15:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368359 The Tribunal set aside the demand for the extended period and upheld the reversal of CENVAT credits for the normal period only. Penalties imposed were also set aside based on lack of suppression of facts and precedents. The Tribunal concluded that trading was not considered a service for tax purposes during the relevant period, leading to the decision in favor of the appellants regarding the demand of service tax credit on common input services attributable to trading activity. Case-Laws Service Tax Fri, 05 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368359