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Service Tax - Highlights / Catch Notes

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CENVAT Credit - trading of service (exempted service) - The ...

Case Laws     Service Tax

June 25, 2021

CENVAT Credit - trading of service (exempted service) - The appellants have been meticulously reversing the proportionate credit attributable to the trading activity. However, the Department has demanded 6%/8% of the value of the trading activity considering the same as an exempted service. - invoking extended period of limitation in such circumstances is unwarranted. - AT

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