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<h1>CESTAT Chennai Waives Predeposit & Stays Recovery in Service Tax Dispute</h1> The Appellate Tribunal CESTAT CHENNAI granted waiver of predeposit and stay of recovery for service tax demand of over Rs. 61,000/- on the appellants for ... Demand raised consequential to denial of the benefit of Notification No. 34/2004-S.T. β appellants submit that they are entitled to take CENVAT credit on the above input service tax even if Service tax liability upheld - In other words, there will be a revenue-neutral situation in the event of the demand of service tax being sustained - waiver of pre-deposit and stay of recovery in respect of the amounts of service tax and penalties is granted The Appellate Tribunal CESTAT CHENNAI granted waiver of predeposit and stay of recovery for service tax demand of over Rs. 61,000/- on the appellants for the period January 2005 to March 2006 due to denial of Notification No. 34/2004-S.T. Penalties were also involved. The appellants may take CENVAT credit on the input service tax.