https://www.taxtmi.com/caselaws?id=457348 CENVAT credit availed on input services used for construction of a residential complex was treated as valid when taken during the taxable construction activity. After completion of the building and issuance of the completion certificate, subsequent sale of flats was regarded as sale of immovable property outside service tax, but the CENVAT Credit Rules, 2004 were understood not to require reversal merely because the service activity had ended. Relying on settled Tribunal and High Court authority, the proportionate credit reversal was held unwarranted and the demand could not be sustained. en-us Tue, 24 Sep 2019 00:00:00 +0530 Tue, 17 Sep 2024 20:36:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457348 CENVAT credit availed on input services used for construction of a residential complex was treated as valid when taken during the taxable construction activity. After completion of the building and issuance of the completion certificate, subsequent sale of flats was regarded as sale of immovable property outside service tax, but the CENVAT Credit Rules, 2004 were understood not to require reversal merely because the service activity had ended. Relying on settled Tribunal and High Court authority, the proportionate credit reversal was held unwarranted and the demand could not be sustained. Case-Laws Service Tax Tue, 24 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457348