https://www.taxtmi.com/caselaws?id=751493 Rule 6 of the Cenvat Credit Rules, 2004 demand for alleged failure to maintain separate accounts for exempted services was held unsustainable where the assessee had already reversed the entire credit with interest before the show cause notice. The settled principle applied was that subsequent reversal of credit treats the credit as never having been availed, so the demand cannot survive on that basis. The Commissioner (Appeals)' order was upheld and the Department's appeal was dismissed. en-us Thu, 14 Mar 2024 00:00:00 +0530 Thu, 18 Apr 2024 08:26:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751493 Rule 6 of the Cenvat Credit Rules, 2004 demand for alleged failure to maintain separate accounts for exempted services was held unsustainable where the assessee had already reversed the entire credit with interest before the show cause notice. The settled principle applied was that subsequent reversal of credit treats the credit as never having been availed, so the demand cannot survive on that basis. The Commissioner (Appeals)' order was upheld and the Department's appeal was dismissed. Case-Laws Service Tax Thu, 14 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751493