Monday, 21 July 2014

Assessee couldn’t be liable for interest on pretext of wrong utilization of credit if it was subsequ

Cenvat Credit : Where assessee paid service tax on imported services under reverse charge and took credit thereof, said credit was not wrongly taken and merely because subsequently credit is reversed and tax paid is claimed as refund, assessee cannot be made liable to interest for wrong availment/utilization of credit


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