https://www.taxtmi.com/caselaws?id=444305 The Tribunal held that CENVAT Credit on banking and financial services used in providing Renting of Immovable Property service is admissible. However, the appellant was required to pay interest at a rate of 24% on the belatedly paid service tax amount due to failure to provide supporting invoices. The judgment modified the order, allowing the CENVAT Credit and confirming the interest rate, resulting in the appellant being liable to pay a total interest of Rs. 17,38,094/- after adjustments. en-us Thu, 12 Oct 2023 00:00:00 +0530 Fri, 13 Oct 2023 08:58:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444305 The Tribunal held that CENVAT Credit on banking and financial services used in providing Renting of Immovable Property service is admissible. However, the appellant was required to pay interest at a rate of 24% on the belatedly paid service tax amount due to failure to provide supporting invoices. The judgment modified the order, allowing the CENVAT Credit and confirming the interest rate, resulting in the appellant being liable to pay a total interest of Rs. 17,38,094/- after adjustments. Case-Laws Service Tax Thu, 12 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444305