https://www.taxtmi.com/caselaws?id=371536 The Tribunal upheld the demand for Service Tax, interest, and penalty on the amount paid for services received from a foreign company under the reverse charge mechanism. Additionally, the Tribunal upheld the demand for the reversal of proportionate CENVAT Credit availed on common input services used for trading activities, citing the appellant's failure to maintain separate accounts. The invocation of the extended period of limitation for recovery was also upheld due to the appellant's failure to reverse the credit voluntarily. The appeal was dismissed. en-us Fri, 16 Nov 2018 00:00:00 +0530 Thu, 06 Dec 2018 05:34:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371536 The Tribunal upheld the demand for Service Tax, interest, and penalty on the amount paid for services received from a foreign company under the reverse charge mechanism. Additionally, the Tribunal upheld the demand for the reversal of proportionate CENVAT Credit availed on common input services used for trading activities, citing the appellant's failure to maintain separate accounts. The invocation of the extended period of limitation for recovery was also upheld due to the appellant's failure to reverse the credit voluntarily. The appeal was dismissed. Case-Laws Service Tax Fri, 16 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371536