https://www.taxtmi.com/caselaws?id=448124 CESTAT Chennai held that assessee was eligible for CENVAT credit on input services despite belated filing of returns, as law does not prohibit credit adjustment for late returns. Matter remanded to original authority for verification of credit amount and requantification of duty liability. Extended limitation period properly invoked due to suppression of facts regarding collected service tax, constituting intent to evade payment. Penalties under Section 76 waived considering substantial pre-notice payment, but Section 77 penalties upheld. Appeal partly allowed and partly remanded. en-us Wed, 10 Jan 2024 00:00:00 +0530 Thu, 11 Jan 2024 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448124 CESTAT Chennai held that assessee was eligible for CENVAT credit on input services despite belated filing of returns, as law does not prohibit credit adjustment for late returns. Matter remanded to original authority for verification of credit amount and requantification of duty liability. Extended limitation period properly invoked due to suppression of facts regarding collected service tax, constituting intent to evade payment. Penalties under Section 76 waived considering substantial pre-notice payment, but Section 77 penalties upheld. Appeal partly allowed and partly remanded. Case-Laws Service Tax Wed, 10 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448124