https://www.taxtmi.com/caselaws?id=256099 The Tribunal granted the appellants' request for a waiver of pre-deposit and ordered a stay of recovery of liabilities during the appeal process. The Tribunal found merit in the appellants' argument that they should be allowed to pay the service tax from their CENVAT credit account, emphasizing revenue neutrality and the availability of CENVAT credit for refund even if the tax was paid in cash. The Tribunal considered relevant legal provisions and precedents, ultimately ruling in favor of the appellants in the case concerning service tax demand under the reverse charge mechanism. en-us Tue, 20 Jan 2015 00:00:00 +0530 Tue, 03 Feb 2015 06:10:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256099 The Tribunal granted the appellants' request for a waiver of pre-deposit and ordered a stay of recovery of liabilities during the appeal process. The Tribunal found merit in the appellants' argument that they should be allowed to pay the service tax from their CENVAT credit account, emphasizing revenue neutrality and the availability of CENVAT credit for refund even if the tax was paid in cash. The Tribunal considered relevant legal provisions and precedents, ultimately ruling in favor of the appellants in the case concerning service tax demand under the reverse charge mechanism. Case-Laws Service Tax Tue, 20 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256099