https://www.taxtmi.com/caselaws?id=373087 The Tribunal set aside the penalty imposed on the appellant for availing cenvat credit without maintaining separate accounts for exempted services. Despite the appellant reversing the credit and paying the demanded amount with interest before the Show Cause Notice, the Tribunal held that no penalty could be imposed under relevant provisions. Citing legal precedents and statutory provisions, the Tribunal ruled that payment of tax or wrongly availed credit with interest before issuance of the Show Cause Notice precludes the imposition of penalties. Consequently, the appeal was allowed in favor of the appellant, overturning the penalty decision. en-us Mon, 19 Nov 2018 00:00:00 +0530 Mon, 07 Jan 2019 12:19:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373087 The Tribunal set aside the penalty imposed on the appellant for availing cenvat credit without maintaining separate accounts for exempted services. Despite the appellant reversing the credit and paying the demanded amount with interest before the Show Cause Notice, the Tribunal held that no penalty could be imposed under relevant provisions. Citing legal precedents and statutory provisions, the Tribunal ruled that payment of tax or wrongly availed credit with interest before issuance of the Show Cause Notice precludes the imposition of penalties. Consequently, the appeal was allowed in favor of the appellant, overturning the penalty decision. Case-Laws Service Tax Mon, 19 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373087