Challenge to 6% or 8% Service Tax on Exempted Goods Based on Rule 6(3A); Reversal of Cenvat Credit Key.

Challenge to 6% or 8% Service Tax on Exempted Goods Based on Rule 6(3A); Reversal of Cenvat Credit Key. https://www.taxtmi.com/highlights?id=28142 Demand of Service tax at the rate of 6%/8% of the value of exempted goods - As per Sub-Rule (3A) of Rule 6(3), the Cenvat Credit required to be reversed is as per the formula prescribed. Here, as the appellant have reversed the entire credit availed on common input service, the demand of 6%/8% of the value of exempted goods is not sustainable. - AT en-us Sat, 26 Mar 2016 14:32:50 +0530 Sat, 26 Mar 2016 14:32:50 +0530 TaxTMI RSS Generator Challenge to 6% or 8% Service Tax on Exempted Goods Based on Rule 6(3A); Reversal of Cenvat Credit Key. https://www.taxtmi.com/highlights?id=28142 Demand of Service tax at the rate of 6%/8% of the value of exempted goods - As per Sub-Rule (3A) of Rule 6(3), the Cenvat Credit required to be reversed is as per the formula prescribed. Here, as the appellant have reversed the entire credit availed on common input service, the demand of 6%/8% of the value of exempted goods is not sustainable. - AT Highlights Service Tax Sat, 26 Mar 2016 14:32:50 +0530 https://www.taxtmi.com/highlights?id=28142