https://www.taxtmi.com/article/detailed?id=15925 Subscription and redemption of mutual fund units do not constitute trading of goods because they lack a two party market, transfer of title, and fixed sale price; units are cancelled or relinquished rather than sold. Consequently such transactions are not an exempted service for CENVAT reversal and no proportionate reversal under the CENVAT Credit Rules is required. The appellant's ISD compliance with apportionment and distribution of common input service credit and the investment character of redemptions led the tribunal to hold extended limitation inapplicable. en-us Wed, 25 Feb 2026 08:50:32 +0530 Wed, 25 Feb 2026 08:50:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15925 Subscription and redemption of mutual fund units do not constitute trading of goods because they lack a two party market, transfer of title, and fixed sale price; units are cancelled or relinquished rather than sold. Consequently such transactions are not an exempted service for CENVAT reversal and no proportionate reversal under the CENVAT Credit Rules is required. The appellant's ISD compliance with apportionment and distribution of common input service credit and the investment character of redemptions led the tribunal to hold extended limitation inapplicable. Articles Service Tax Wed, 25 Feb 2026 08:50:32 +0530 https://www.taxtmi.com/article/detailed?id=15925