https://www.taxtmi.com/caselaws?id=306729 The Tribunal partially allowed the appellant's appeal in a case involving service tax liability under the Reverse Charge Mechanism. The recovery of Cenvat demand, interest, and penalty under Section 78 was set aside, while the penalty under Section 77 was upheld. The Tribunal found the appellant not liable for reversal of the entire Cenvat credit as irregularly availed credit was not utilized for tax payment, and interest was paid to the government. The decision considered the absence of fraud, collusion, or willful misstatement, ensuring a fair outcome based on the facts and legal provisions. en-us Wed, 29 Dec 2021 00:00:00 +0530 Wed, 22 Feb 2023 08:49:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306729 The Tribunal partially allowed the appellant's appeal in a case involving service tax liability under the Reverse Charge Mechanism. The recovery of Cenvat demand, interest, and penalty under Section 78 was set aside, while the penalty under Section 77 was upheld. The Tribunal found the appellant not liable for reversal of the entire Cenvat credit as irregularly availed credit was not utilized for tax payment, and interest was paid to the government. The decision considered the absence of fraud, collusion, or willful misstatement, ensuring a fair outcome based on the facts and legal provisions. Case-Laws Service Tax Wed, 29 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306729