https://www.taxtmi.com/caselaws?id=762243 Trading was treated as an exempted service for the relevant period, so common Cenvat credit attributable to that activity could not be retained; however, the demand could not stand in the quantified form originally adopted, and liability had to be reworked on a proportionate-reversal basis with interest. The matter was therefore remanded for fresh computation of the credit relatable to the exempted activity. On the return-filing issue, ST-3 returns had been uploaded in time and rejection resulted from a technical portal error, so deliberate default was not established and penalty for non-filing of returns was set aside. en-us Tue, 26 Nov 2024 00:00:00 +0530 Wed, 27 Nov 2024 18:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762243 Trading was treated as an exempted service for the relevant period, so common Cenvat credit attributable to that activity could not be retained; however, the demand could not stand in the quantified form originally adopted, and liability had to be reworked on a proportionate-reversal basis with interest. The matter was therefore remanded for fresh computation of the credit relatable to the exempted activity. On the return-filing issue, ST-3 returns had been uploaded in time and rejection resulted from a technical portal error, so deliberate default was not established and penalty for non-filing of returns was set aside. Case-Laws Service Tax Tue, 26 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762243