https://www.taxtmi.com/caselaws?id=374962 The penalty imposed on the appellant for ineligible CENVAT credit and short payment of Service Tax on Works Contract Service under 'Reverse Charge Mechanism' was set aside by the Appellate Tribunal. The appellant, a PSU, rectified the excess credit and paid the tax, demonstrating no malafide intent. Despite penalties being upheld by the Commissioner, the Tribunal considered the appellant's status and past rectification actions, leading to the penalty being overturned. The decision was based on legal provisions and precedents supporting the appellant's position. en-us Thu, 31 Jan 2019 00:00:00 +0530 Wed, 13 Feb 2019 06:07:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374962 The penalty imposed on the appellant for ineligible CENVAT credit and short payment of Service Tax on Works Contract Service under 'Reverse Charge Mechanism' was set aside by the Appellate Tribunal. The appellant, a PSU, rectified the excess credit and paid the tax, demonstrating no malafide intent. Despite penalties being upheld by the Commissioner, the Tribunal considered the appellant's status and past rectification actions, leading to the penalty being overturned. The decision was based on legal provisions and precedents supporting the appellant's position. Case-Laws Service Tax Thu, 31 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374962