https://www.taxtmi.com/forum/issue?id=115420 Relief under the LDRS/SVLDRS requires filing the prescribed declaration and withdrawal of pending appeals; the scheme can extinguish interest and penalty and will compute tax liability (system may apply tax relief where applicable) and issue a discharge certificate. Regarding CENVAT credit, the statute bars taking input credit for amounts paid under the scheme, but where tax was paid and credit availed before the scheme there is no automatic reversal unless a show cause notice challenges admissibility or the payment is treated as a scheme payment; verify SCN position before reversing credit. en-us Wed, 11 Sep 2019 10:19:24 +0530 Thu, 23 Jan 2025 15:54:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115420 Relief under the LDRS/SVLDRS requires filing the prescribed declaration and withdrawal of pending appeals; the scheme can extinguish interest and penalty and will compute tax liability (system may apply tax relief where applicable) and issue a discharge certificate. Regarding CENVAT credit, the statute bars taking input credit for amounts paid under the scheme, but where tax was paid and credit availed before the scheme there is no automatic reversal unless a show cause notice challenges admissibility or the payment is treated as a scheme payment; verify SCN position before reversing credit. Discussion-Forum Service Tax Wed, 11 Sep 2019 10:19:24 +0530 https://www.taxtmi.com/forum/issue?id=115420