https://www.taxtmi.com/caselaws?id=254019 The appeal was dismissed, upholding the disallowance of Cenvat credit under Rule 14 of Cenvat Credit Rules, 2003 for Goods Transport Agency services and Business Auxiliary Services. An amount was appropriated in the Government account, and a penalty under Section 78 of the Finance Act, 1944 was imposed on the appellants. The Tribunal ruled that utilizing Cenvat credit for paying service tax under the reverse charge mechanism was impermissible, emphasizing the need to pay such taxes in cash. Interest on the disallowed credit remained unpaid, reinforcing compliance with tax regulations through penalties and interest imposition. en-us Mon, 09 Jun 2014 00:00:00 +0530 Wed, 10 Dec 2014 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254019 The appeal was dismissed, upholding the disallowance of Cenvat credit under Rule 14 of Cenvat Credit Rules, 2003 for Goods Transport Agency services and Business Auxiliary Services. An amount was appropriated in the Government account, and a penalty under Section 78 of the Finance Act, 1944 was imposed on the appellants. The Tribunal ruled that utilizing Cenvat credit for paying service tax under the reverse charge mechanism was impermissible, emphasizing the need to pay such taxes in cash. Interest on the disallowed credit remained unpaid, reinforcing compliance with tax regulations through penalties and interest imposition. Case-Laws Service Tax Mon, 09 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254019