https://www.taxtmi.com/caselaws?id=439582 The Tribunal held that the appellant is not liable for service tax on external commercial borrowing (ECB) charges pre-18.04.2006 as per CBEC Circular. Issuing a show-cause notice despite self-ascertainment of service tax payment was deemed unsustainable. The demand for service tax was found unsustainable for certain charges already paid by the appellant, leading to the invalidation of the show-cause notice and setting aside of the proceedings against the appellant. Penalty was waived, and the appeal was allowed with consequential relief to the appellant. en-us Tue, 30 May 2023 00:00:00 +0530 Wed, 28 Jun 2023 08:48:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439582 The Tribunal held that the appellant is not liable for service tax on external commercial borrowing (ECB) charges pre-18.04.2006 as per CBEC Circular. Issuing a show-cause notice despite self-ascertainment of service tax payment was deemed unsustainable. The demand for service tax was found unsustainable for certain charges already paid by the appellant, leading to the invalidation of the show-cause notice and setting aside of the proceedings against the appellant. Penalty was waived, and the appeal was allowed with consequential relief to the appellant. Case-Laws Service Tax Tue, 30 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439582