https://www.taxtmi.com/caselaws?id=801227 Industrial water-drawal agreements are characterised by their substantive supply of water, not by ancillary obligations to construct conveyance infrastructure or pay charges for authorised quantities. Where the arrangement is a sale of water rather than an assignment of rights to use natural resources, it does not attract service tax on taxable natural-resource-use rights. Reverse-charge service tax that is fully creditable against duty on final products creates revenue neutrality. In those circumstances, the extended limitation period is unavailable; after cessation of the CENVAT credit regime, the corresponding credit amount may be refundable in cash under the transitional framework. en-us Wed, 14 Oct 2026 00:00:00 +0530 Sat, 17 Oct 2026 05:20:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801227 Industrial water-drawal agreements are characterised by their substantive supply of water, not by ancillary obligations to construct conveyance infrastructure or pay charges for authorised quantities. Where the arrangement is a sale of water rather than an assignment of rights to use natural resources, it does not attract service tax on taxable natural-resource-use rights. Reverse-charge service tax that is fully creditable against duty on final products creates revenue neutrality. In those circumstances, the extended limitation period is unavailable; after cessation of the CENVAT credit regime, the corresponding credit amount may be refundable in cash under the transitional framework. Case-Laws Service Tax Wed, 14 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801227