https://www.taxtmi.com/forum/issue?id=4464 Where royalty services are taxable under Intellectual Property Services and tax is leviable on a reverse charge basis, the recipient must pay service tax in cash and cannot utilise CENVAT credit; paying by CENVAT instead breaches the reverse charge rule and ordinarily attracts interest, though some appellate decisions have excused interest where the payer later remedied the payment and reversed CENVAT credit. en-us Fri, 03 Aug 2012 22:45:12 +0530 Thu, 23 Jan 2025 15:57:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4464 Where royalty services are taxable under Intellectual Property Services and tax is leviable on a reverse charge basis, the recipient must pay service tax in cash and cannot utilise CENVAT credit; paying by CENVAT instead breaches the reverse charge rule and ordinarily attracts interest, though some appellate decisions have excused interest where the payer later remedied the payment and reversed CENVAT credit. Discussion-Forum Service Tax Fri, 03 Aug 2012 22:45:12 +0530 https://www.taxtmi.com/forum/issue?id=4464