https://www.taxtmi.com/caselaws?id=369451 CENVAT credit on services such as renting of immovable property, chartered accountant, repairs and maintenance, advertisement membership and travelling services was examined under Rule 2(l) of the Cenvat Credit Rules, 2004, with credit sustained for admissible services and the assessee's concession accepted for general insurance services. Under Rule 14, as amended from 01.04.2012, interest was treated as recoverable only where wrongly availed credit was both taken and utilised; since the disputed credit was not utilised and substantial credit balance remained, interest was not payable. Penalty was deleted because the dispute arose within the normal period, most of the credit was allowed, and there was no suppression or mala fide intent. en-us Thu, 23 Aug 2018 00:00:00 +0530 Fri, 26 Oct 2018 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369451 CENVAT credit on services such as renting of immovable property, chartered accountant, repairs and maintenance, advertisement membership and travelling services was examined under Rule 2(l) of the Cenvat Credit Rules, 2004, with credit sustained for admissible services and the assessee's concession accepted for general insurance services. Under Rule 14, as amended from 01.04.2012, interest was treated as recoverable only where wrongly availed credit was both taken and utilised; since the disputed credit was not utilised and substantial credit balance remained, interest was not payable. Penalty was deleted because the dispute arose within the normal period, most of the credit was allowed, and there was no suppression or mala fide intent. Case-Laws Service Tax Thu, 23 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369451