https://www.taxtmi.com/caselaws?id=751729 CESTAT Kolkata allowed the appeal, setting aside most service tax demands. The tribunal held that payment of service tax under Composition Scheme constituted valid exercise of option without requiring written election, following precedent. For GTA services and CENVAT credit denial, demands were set aside and remanded for proper document verification by authorities. The tribunal ruled that works contracts after 01.07.2012 attracted service tax on 40% value as Original Works, not 60% as Other Works, lacking departmental evidence. Extended limitation period was rejected as the case involved statutory interpretation with bona fide belief, making penalty also unsustainable. en-us Tue, 23 Apr 2024 00:00:00 +0530 Wed, 24 Apr 2024 06:28:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751729 CESTAT Kolkata allowed the appeal, setting aside most service tax demands. The tribunal held that payment of service tax under Composition Scheme constituted valid exercise of option without requiring written election, following precedent. For GTA services and CENVAT credit denial, demands were set aside and remanded for proper document verification by authorities. The tribunal ruled that works contracts after 01.07.2012 attracted service tax on 40% value as Original Works, not 60% as Other Works, lacking departmental evidence. Extended limitation period was rejected as the case involved statutory interpretation with bona fide belief, making penalty also unsustainable. Case-Laws Service Tax Tue, 23 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751729