https://www.taxtmi.com/article/detailed?id=8533 Where reverse charge liability is offset by immediate availability of Cenvat credit, tribunals have held that extended limitation cannot be invoked because revenue neutrality negates intent to evade tax; bona fide interpretative positions attract no penalty. Non-compliance with registration and return obligations, however, may permit revenue authorities to issue notices and invoke extended limitation, so applicability turns on facts such as credit availability, disclosure in returns, and whether the non-payment reflects bona fide belief or deliberate suppression. en-us Sat, 08 Jun 2019 07:14:36 +0530 Sat, 08 Jun 2019 07:14:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8533 Where reverse charge liability is offset by immediate availability of Cenvat credit, tribunals have held that extended limitation cannot be invoked because revenue neutrality negates intent to evade tax; bona fide interpretative positions attract no penalty. Non-compliance with registration and return obligations, however, may permit revenue authorities to issue notices and invoke extended limitation, so applicability turns on facts such as credit availability, disclosure in returns, and whether the non-payment reflects bona fide belief or deliberate suppression. Articles Service Tax Sat, 08 Jun 2019 07:14:36 +0530 https://www.taxtmi.com/article/detailed?id=8533