https://www.taxtmi.com/caselaws?id=241295 The Tribunal condoned the Department's two-day delay in appeal and allowed the COD application. The assessee sought waiver of pre-deposit and stay of recovery for a service tax demand exceeding Rs. 3.37 crores related to Business Support Service transactions with a foreign company. Citing a Karnataka High Court judgment, the appellant argued for utilizing service tax paid on foreign transactions as CENVAT credit. Acknowledging the demand under Section 66A of the Finance Act, the Tribunal granted waiver of pre-deposit and stay of recovery, considering the reverse charge mechanism and revenue-neutral impact. en-us Thu, 23 Feb 2012 00:00:00 +0530 Fri, 20 Dec 2013 05:48:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241295 The Tribunal condoned the Department's two-day delay in appeal and allowed the COD application. The assessee sought waiver of pre-deposit and stay of recovery for a service tax demand exceeding Rs. 3.37 crores related to Business Support Service transactions with a foreign company. Citing a Karnataka High Court judgment, the appellant argued for utilizing service tax paid on foreign transactions as CENVAT credit. Acknowledging the demand under Section 66A of the Finance Act, the Tribunal granted waiver of pre-deposit and stay of recovery, considering the reverse charge mechanism and revenue-neutral impact. Case-Laws Service Tax Thu, 23 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241295