https://www.taxtmi.com/caselaws?id=186768 The tribunal confirmed the demand for service tax, interest, and a penalty of Rs. 6,06,55,417 against the applicants for evasion of service tax. The applicants sought waiver of pre-deposit of the balance amount of service tax and penalty, claiming they had paid a significant portion of the liability earlier. The denial of CENVAT credit on capital goods was also contested. While the applicants admitted their service tax liability and paid it with interest, the tribunal did not grant a complete waiver of penalty, directing them to make a pre-deposit of Rs. 50 lakhs within twelve weeks to stay the balance amount of service tax and penalties during the appeal process. en-us Mon, 01 Aug 2011 00:00:00 +0530 Thu, 29 Sep 2016 18:00:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186768 The tribunal confirmed the demand for service tax, interest, and a penalty of Rs. 6,06,55,417 against the applicants for evasion of service tax. The applicants sought waiver of pre-deposit of the balance amount of service tax and penalty, claiming they had paid a significant portion of the liability earlier. The denial of CENVAT credit on capital goods was also contested. While the applicants admitted their service tax liability and paid it with interest, the tribunal did not grant a complete waiver of penalty, directing them to make a pre-deposit of Rs. 50 lakhs within twelve weeks to stay the balance amount of service tax and penalties during the appeal process. Case-Laws Service Tax Mon, 01 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186768