TMI BlogAppellant's Trading Activities Before April 2011 May Violate Service Tax Rules on Cenvat Credit Reversal Obligations.Cenvat Credit - Trading activity - trading became an exempted service only after 1.4.2011 (deemed). Therefore during the relevant period, the appellant was required to reverse the proportionate credit - prima facie case is not in favor of assessee - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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