https://www.taxtmi.com/caselaws?id=382250 The Tribunal held that trading activities cannot be categorized as "exempted service" for Cenvat credit on input services. The amendment to Rule 2(e) was deemed to have prospective, not retrospective, effect. The extended period of limitation for issuing the show cause notice was found inapplicable due to lack of intent to defraud. The Tribunal allowed the appeal on the ground of limitation, modifying the impugned order. en-us Wed, 26 Jun 2019 00:00:00 +0530 Fri, 28 Jun 2019 08:01:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382250 The Tribunal held that trading activities cannot be categorized as "exempted service" for Cenvat credit on input services. The amendment to Rule 2(e) was deemed to have prospective, not retrospective, effect. The extended period of limitation for issuing the show cause notice was found inapplicable due to lack of intent to defraud. The Tribunal allowed the appeal on the ground of limitation, modifying the impugned order. Case-Laws Service Tax Wed, 26 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382250