https://www.taxtmi.com/caselaws?id=330436 The Tribunal allowed the appeal, permitting the utilization of cenvat credit for service tax payment on a reverse charge basis. The denial of credits for availing cenvat credit on service tax for Goods Transport Services and Business Auxiliary Services was set aside. Additionally, the penalty imposed for taking credit on invoices not in the appellant's name was deemed unjustified due to a delayed show cause notice. The judgment emphasized the significance of bonafide mistakes in credit transactions and underscored the importance of timely and justified penalty imposition. en-us Tue, 05 Jul 2016 00:00:00 +0530 Mon, 25 Jul 2016 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330436 The Tribunal allowed the appeal, permitting the utilization of cenvat credit for service tax payment on a reverse charge basis. The denial of credits for availing cenvat credit on service tax for Goods Transport Services and Business Auxiliary Services was set aside. Additionally, the penalty imposed for taking credit on invoices not in the appellant's name was deemed unjustified due to a delayed show cause notice. The judgment emphasized the significance of bonafide mistakes in credit transactions and underscored the importance of timely and justified penalty imposition. Case-Laws Service Tax Tue, 05 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330436