https://www.taxtmi.com/caselaws?id=767680 The Tribunal held that the activity of subscribing and redeeming mutual fund units does not constitute trading of goods or exempted services under Section 66D(e) of the Finance Act. Consequently, the appellant was not required to reverse the proportionate Cenvat credit availed on common input services. The Tribunal concluded that the investment in mutual funds did not involve a service provider-recipient relationship with consideration, thus not qualifying as a service under the Finance Act. The appeals were allowed, and the impugned orders were set aside, aligning with established legal principles from prior cases. en-us Fri, 21 Mar 2025 00:00:00 +0530 Fri, 21 Mar 2025 12:49:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767680 The Tribunal held that the activity of subscribing and redeeming mutual fund units does not constitute trading of goods or exempted services under Section 66D(e) of the Finance Act. Consequently, the appellant was not required to reverse the proportionate Cenvat credit availed on common input services. The Tribunal concluded that the investment in mutual funds did not involve a service provider-recipient relationship with consideration, thus not qualifying as a service under the Finance Act. The appeals were allowed, and the impugned orders were set aside, aligning with established legal principles from prior cases. Case-Laws Service Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767680