https://www.taxtmi.com/highlights?id=75779 Refund of service tax paid - entitlement for Cenvat credit of the service tax paid on the ocean freight on the reverse charge mechanism - rejection of refund on the ground that since the amount of service tax was paid on insistence of the audit party, there is suppression of fact - The Tribunal ruled that the allegation of suppression of fact was based on assumptions and presumptions, as there was no adjudication in a demand case. Therefore, it could not be conclusively established that there was suppression of fact in the payment of service tax on ocean freight. en-us Mon, 18 Mar 2024 07:52:23 +0530 Sun, 17 Mar 2024 06:24:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75779 Refund of service tax paid - entitlement for Cenvat credit of the service tax paid on the ocean freight on the reverse charge mechanism - rejection of refund on the ground that since the amount of service tax was paid on insistence of the audit party, there is suppression of fact - The Tribunal ruled that the allegation of suppression of fact was based on assumptions and presumptions, as there was no adjudication in a demand case. Therefore, it could not be conclusively established that there was suppression of fact in the payment of service tax on ocean freight. Highlights Service Tax Mon, 18 Mar 2024 07:52:23 +0530 https://www.taxtmi.com/highlights?id=75779