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2018 (2) TMI 1262 - AT - Service TaxPenalty - assessee provided taxable as well as exempted services which calls for maintenance of separate accounts on credit availed on input services - Rule 6(3) of CCR 2004 - Held that: - There is no separate identifiable service attributable to investment portion of the premium in the present case. In other words the premium amount received was invested substantially and for managing such investment, administration charges are collected and Service Tax paid. No other service, least of all exempted service, could be identified in such arrangement - we are in agreement with the method of calculation adopted by the Original Authority in arriving at the portion of exempted service/ taxable service. Appeal allowed - decided in favor of Appellant.
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