https://www.taxtmi.com/caselaws?id=76246 Service tax paid by debit in the CENVAT credit account, rather than in cash, was treated as valid payment for availing input service credit under the then prevailing interpretation of Rule 2(p) of the CENVAT Credit Rules, 2004, including its Explanation. The assessee was regarded as providing output service and entitled to utilise credit for service tax on GTA services connected with receipt of inputs into the factory. Earlier Tribunal rulings supported this view, and the contrary authority cited did not displace the binding Division Bench decision for the relevant period, so denial of credit, interest and penalty was unsustainable. en-us Fri, 27 Nov 2009 00:00:00 +0530 Fri, 30 Jul 2010 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76246 Service tax paid by debit in the CENVAT credit account, rather than in cash, was treated as valid payment for availing input service credit under the then prevailing interpretation of Rule 2(p) of the CENVAT Credit Rules, 2004, including its Explanation. The assessee was regarded as providing output service and entitled to utilise credit for service tax on GTA services connected with receipt of inputs into the factory. Earlier Tribunal rulings supported this view, and the contrary authority cited did not displace the binding Division Bench decision for the relevant period, so denial of credit, interest and penalty was unsustainable. Case-Laws Service Tax Fri, 27 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76246