https://www.taxtmi.com/caselaws?id=237932 The Tribunal ruled in favor of the Revenue, denying the applicant's request for a full waiver of tax amounting to Rs.76,24,217/- due to the denial of CENVAT credit on capital goods received before the introduction of the levy on renting of immovable property service. The Tribunal emphasized the importance of timely document submission and accurate declaration in returns, affirming that credit cannot be availed on goods received before the service became taxable. The Tribunal directed the applicant to deposit Rs.30,00,000/- within eight weeks, with the remaining dues waived and recovery stayed during the appeal process. en-us Thu, 22 Aug 2013 00:00:00 +0530 Fri, 11 Oct 2013 15:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237932 The Tribunal ruled in favor of the Revenue, denying the applicant's request for a full waiver of tax amounting to Rs.76,24,217/- due to the denial of CENVAT credit on capital goods received before the introduction of the levy on renting of immovable property service. The Tribunal emphasized the importance of timely document submission and accurate declaration in returns, affirming that credit cannot be availed on goods received before the service became taxable. The Tribunal directed the applicant to deposit Rs.30,00,000/- within eight weeks, with the remaining dues waived and recovery stayed during the appeal process. Case-Laws Service Tax Thu, 22 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237932