Court Grants Waiver of Service Tax Demand Stay Petition, Recognizing Banking Error The court allowed the stay petition for the waiver of pre-deposit of service tax demand. The applicant had already paid a significant amount, and the ...
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Court Grants Waiver of Service Tax Demand Stay Petition, Recognizing Banking Error
The court allowed the stay petition for the waiver of pre-deposit of service tax demand. The applicant had already paid a significant amount, and the remaining dues were waived due to a banking error in crediting the tax amount. Recovery was stayed during the appeal process.
The applicant filed for waiver of pre-deposit of service tax demand of Rs. 10,57,298. An amount of Rs. 10,24,000 was already paid. The bank mistakenly credited Rs. 6,79,292 to State tax instead of service tax. The remaining dues were waived and recovery stayed during the appeal. Stay petition allowed.
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