https://www.taxtmi.com/forum/issue?id=114835 Builder sold flats after the Completion Certificate while retaining full input tax credit without proportionate reversal or notification; the department issued a show cause seeking tax on exempt receipts under the Cenvat Credit Rules, and the reversal made is materially less than the tax demanded. Advice offered recommends legal challenge and cites Aster Pvt. Ltd. v. CC&CE as a relevant precedent. en-us Sat, 06 Apr 2019 11:39:52 +0530 Thu, 23 Jan 2025 15:55:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114835 Builder sold flats after the Completion Certificate while retaining full input tax credit without proportionate reversal or notification; the department issued a show cause seeking tax on exempt receipts under the Cenvat Credit Rules, and the reversal made is materially less than the tax demanded. Advice offered recommends legal challenge and cites Aster Pvt. Ltd. v. CC&CE as a relevant precedent. Discussion-Forum Service Tax Sat, 06 Apr 2019 11:39:52 +0530 https://www.taxtmi.com/forum/issue?id=114835