https://www.taxtmi.com/caselaws?id=243786 The Appellate Tribunal CESTAT BANGALORE ruled in favor of the appellant on all issues. The tribunal accepted the claim for waiver of pre-deposit and stay against recovery. It found that the adjustment of excess service tax was valid after obtaining centralized registration. Regarding the demand for education cesses on excess CENVAT credit utilization, the tribunal held that the restriction did not apply to credit on capital goods. Similarly, the restriction on CENVAT credit utilization exceeding 20% was found not to apply to credit on capital goods, leading to a decision in favor of the appellant. en-us Thu, 04 Apr 2013 00:00:00 +0530 Mon, 10 Feb 2014 07:56:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243786 The Appellate Tribunal CESTAT BANGALORE ruled in favor of the appellant on all issues. The tribunal accepted the claim for waiver of pre-deposit and stay against recovery. It found that the adjustment of excess service tax was valid after obtaining centralized registration. Regarding the demand for education cesses on excess CENVAT credit utilization, the tribunal held that the restriction did not apply to credit on capital goods. Similarly, the restriction on CENVAT credit utilization exceeding 20% was found not to apply to credit on capital goods, leading to a decision in favor of the appellant. Case-Laws Service Tax Thu, 04 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243786