https://www.taxtmi.com/caselaws?id=260701 The Tribunal ruled in favor of the appellant in a case concerning entitlement to the benefit of Notification No.1/2006-ST upon reversal of Cenvat credit and liability for interest on delayed service tax payments. The appellant's reversal of Cenvat credit was deemed equivalent to non-availment, entitling them to the notification's benefit. Additionally, the Tribunal held that the date of presentation of the cheque for service tax payment should be considered the date of payment, absolving the appellant from liability for interest on delayed payments. The impugned order was set aside, and the appeal was allowed with consequential relief. en-us Thu, 28 May 2015 00:00:00 +0530 Thu, 03 Mar 2016 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260701 The Tribunal ruled in favor of the appellant in a case concerning entitlement to the benefit of Notification No.1/2006-ST upon reversal of Cenvat credit and liability for interest on delayed service tax payments. The appellant's reversal of Cenvat credit was deemed equivalent to non-availment, entitling them to the notification's benefit. Additionally, the Tribunal held that the date of presentation of the cheque for service tax payment should be considered the date of payment, absolving the appellant from liability for interest on delayed payments. The impugned order was set aside, and the appeal was allowed with consequential relief. Case-Laws Service Tax Thu, 28 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260701