https://www.taxtmi.com/caselaws?id=376955 The tribunal upheld the commissioner's order regarding the reversal of credit attributable to exempted services like lending. It ruled that no service tax is payable on manpower deputed to METCO and that reimbursed expenses should not be included in the taxable value for directors' sitting fees. The tribunal remanded the matter back to the adjudicating authority for re-examination of the reversal of CENVAT credit for J&K branches and reworking the demand considering the period of 5 years. Penalties were restricted to 25% for amounts paid before the issuance of the show cause notice. The appeals were disposed of accordingly. en-us Fri, 15 Mar 2019 00:00:00 +0530 Tue, 19 Mar 2019 10:06:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376955 The tribunal upheld the commissioner's order regarding the reversal of credit attributable to exempted services like lending. It ruled that no service tax is payable on manpower deputed to METCO and that reimbursed expenses should not be included in the taxable value for directors' sitting fees. The tribunal remanded the matter back to the adjudicating authority for re-examination of the reversal of CENVAT credit for J&K branches and reworking the demand considering the period of 5 years. Penalties were restricted to 25% for amounts paid before the issuance of the show cause notice. The appeals were disposed of accordingly. Case-Laws Service Tax Fri, 15 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376955