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CENVAT Credit Reversal Not Required for Services in Jammu & Kashmir u/r 2(e)(1) Due to Partial Tax Exemption.
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....Reversal of CENVAT Credit - services provided to the service recipient located in the state of Jammu & Kashmir - As per Rule 2(e)(1), the taxable service, which is exempt from the whole of the service tax leviable thereon, is an exempted service. It is not the case of any side that the service which has been provided under the state of Jammu & Kashmir has been exempted as whole. Therefore, the said provision is not applicable to the facts of this case. - Credit not required to be reversed - AT....