https://www.taxtmi.com/caselaws?id=239380 The Appellate Tribunal granted waiver of deposit and stay against recovery of Rs.2,88,193/- and penalty for wrongly availed CENVAT credit. The Tribunal considered invoices and Board circular No. 96/7/2007, finding a strong case for waiver due to admissible credit. The Department alleged violations of CENVAT Credit Rules, including inadmissible credit for input services. The Tribunal upheld waiver based on interpretation of Rules and admissibility of credit, particularly for chartered accountant services outsourced to a sister entity. The Tribunal's decision was supported by the applicability of the Board circular on service tax credit. en-us Mon, 08 Jul 2013 00:00:00 +0530 Mon, 01 Dec 2014 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239380 The Appellate Tribunal granted waiver of deposit and stay against recovery of Rs.2,88,193/- and penalty for wrongly availed CENVAT credit. The Tribunal considered invoices and Board circular No. 96/7/2007, finding a strong case for waiver due to admissible credit. The Department alleged violations of CENVAT Credit Rules, including inadmissible credit for input services. The Tribunal upheld waiver based on interpretation of Rules and admissibility of credit, particularly for chartered accountant services outsourced to a sister entity. The Tribunal's decision was supported by the applicability of the Board circular on service tax credit. Case-Laws Service Tax Mon, 08 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239380