https://www.taxtmi.com/caselaws?id=389641 The Tribunal partially allowed the appeal by setting aside the penalty imposed on the appellant, an authorized dealer of motor vehicles, under Section 80 of the Finance Act, 1994, due to reasonable cause for non-payment of service tax. However, it upheld the disallowance of CENVAT credit for trading activities, classifying them as exempted services under the Credit Rules. The appellant had already paid the service tax and interest. The Tribunal distinguished the appellant's cited case, noting amendments that included trading activities as exempted services, thereby denying the appellant's claim for credit related to such activities. en-us Wed, 11 Dec 2019 00:00:00 +0530 Thu, 07 Nov 2024 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389641 The Tribunal partially allowed the appeal by setting aside the penalty imposed on the appellant, an authorized dealer of motor vehicles, under Section 80 of the Finance Act, 1994, due to reasonable cause for non-payment of service tax. However, it upheld the disallowance of CENVAT credit for trading activities, classifying them as exempted services under the Credit Rules. The appellant had already paid the service tax and interest. The Tribunal distinguished the appellant's cited case, noting amendments that included trading activities as exempted services, thereby denying the appellant's claim for credit related to such activities. Case-Laws Service Tax Wed, 11 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389641