https://www.taxtmi.com/caselaws?id=249080 Reversal of the entire common input service credit with interest was treated as sufficient compliance where taxable and exempted services were provided without separate records. On that basis, the Tribunal applied its earlier view that such reversal is equivalent to non-availment of credit, so the percentage payment prescribed under Rule 6(3) of the Cenvat Credit Rules was not attracted. A strong prima facie case was therefore shown for interim relief, and the appellant obtained waiver of pre-deposit and stay of recovery. en-us Tue, 25 Feb 2014 00:00:00 +0530 Thu, 03 Jul 2014 15:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249080 Reversal of the entire common input service credit with interest was treated as sufficient compliance where taxable and exempted services were provided without separate records. On that basis, the Tribunal applied its earlier view that such reversal is equivalent to non-availment of credit, so the percentage payment prescribed under Rule 6(3) of the Cenvat Credit Rules was not attracted. A strong prima facie case was therefore shown for interim relief, and the appellant obtained waiver of pre-deposit and stay of recovery. Case-Laws Service Tax Tue, 25 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249080