https://www.taxtmi.com/caselaws?id=411233 The Tribunal overturned the denial of CENVAT credit on passenger lifts, ruling in favor of the Limited Liability Partnership Firm engaged in construction activities. The Tribunal found that the lifts were essential for providing taxable services and classified under Chapter 84, allowing for credit availment under CENVAT Credit Rules. It rejected the department's concerns, emphasizing that the lifts were integral to the firm's output services and should be considered capital goods. The Tribunal set aside the order imposing recovery of irregular credit and penalty, based on legal provisions and precedents supporting the firm's entitlement to the credit. en-us Wed, 18 Aug 2021 00:00:00 +0530 Fri, 24 Dec 2021 17:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411233 The Tribunal overturned the denial of CENVAT credit on passenger lifts, ruling in favor of the Limited Liability Partnership Firm engaged in construction activities. The Tribunal found that the lifts were essential for providing taxable services and classified under Chapter 84, allowing for credit availment under CENVAT Credit Rules. It rejected the department's concerns, emphasizing that the lifts were integral to the firm's output services and should be considered capital goods. The Tribunal set aside the order imposing recovery of irregular credit and penalty, based on legal provisions and precedents supporting the firm's entitlement to the credit. Case-Laws Service Tax Wed, 18 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411233