https://www.taxtmi.com/caselaws?id=369826 The Tribunal ruled in favor of the appellant, a storage and warehousing company, in a dispute over availing CENVAT credit on security services and lift maintenance. The Tribunal held that the appellant was entitled to the full credit for these services, despite incidental benefits to other companies in the same complex. However, the credit for chartered accountant services under the reverse charge mechanism was disallowed. Penalties under sections 77 & 78 of the Finance Act were reduced proportionately based on the credit allocation decision. en-us Thu, 20 Sep 2018 00:00:00 +0530 Sat, 03 Nov 2018 13:34:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369826 The Tribunal ruled in favor of the appellant, a storage and warehousing company, in a dispute over availing CENVAT credit on security services and lift maintenance. The Tribunal held that the appellant was entitled to the full credit for these services, despite incidental benefits to other companies in the same complex. However, the credit for chartered accountant services under the reverse charge mechanism was disallowed. Penalties under sections 77 & 78 of the Finance Act were reduced proportionately based on the credit allocation decision. Case-Laws Service Tax Thu, 20 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369826