https://www.taxtmi.com/caselaws?id=255803 The court granted waiver of pre-deposit of interest demand against the applicant in a case concerning service tax payment timing. The applicant paid service tax upon actual receipt of consideration, not at the time of crediting the amount, as contended by the revenue. The judge found the applicant not liable for interest due to compliance with Service Tax Rules, emphasizing the significance of adherence to payment timelines, especially in transactions involving associate firms. The court stayed the interest recovery pending appeal, highlighting the importance of correctly interpreting tax payment obligations. en-us Thu, 10 Apr 2014 00:00:00 +0530 Fri, 07 Nov 2014 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255803 The court granted waiver of pre-deposit of interest demand against the applicant in a case concerning service tax payment timing. The applicant paid service tax upon actual receipt of consideration, not at the time of crediting the amount, as contended by the revenue. The judge found the applicant not liable for interest due to compliance with Service Tax Rules, emphasizing the significance of adherence to payment timelines, especially in transactions involving associate firms. The court stayed the interest recovery pending appeal, highlighting the importance of correctly interpreting tax payment obligations. Case-Laws Service Tax Thu, 10 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255803