Waiver of pre-deposit granted for excess service tax payment; Stay on recovery pending appeal.

The Appellate Tribunal CESTAT, Chennai granted waiver of pre-deposit of service tax of Rs.1,96,649/- with interest. The excess tax payment made by the assessees was not permissible for suo motu adjustment as it was done after the required time frame. However, the adjustment was made promptly after the issue of a Credit Note, leading to the waiver of pre-deposit and stay on recovery pending appeal.

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The Appellate Tribunal CESTAT, Chennai granted waiver of pre-deposit of service tax of Rs.1,96,649/- with interest. The excess tax payment made by the assessees was not permissible for suo motu adjustment as it was done after the required time frame. However, the adjustment was made promptly after the issue of a Credit Note, leading to the waiver of pre-deposit and stay on recovery pending appeal.

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