https://www.taxtmi.com/caselaws?id=367859 The Tribunal ruled in favor of the assessee, setting aside the penalty imposed for availing credit on input services before rendering output services and reversing the credit before utilization. The waiver of interest was upheld, and the department's appeal against it was dismissed, based on the principle that when credit is reversed before utilization, interest and penalty cannot be sustained. en-us Fri, 10 Aug 2018 00:00:00 +0530 Thu, 27 Sep 2018 06:47:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367859 The Tribunal ruled in favor of the assessee, setting aside the penalty imposed for availing credit on input services before rendering output services and reversing the credit before utilization. The waiver of interest was upheld, and the department's appeal against it was dismissed, based on the principle that when credit is reversed before utilization, interest and penalty cannot be sustained. Case-Laws Service Tax Fri, 10 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367859