https://www.taxtmi.com/highlights?id=77343 Refund of service tax paid on Reverse Charge Mechanism - It is the case of the Department that payment of service tax on RCM, availment of CENVAT credit of the same and refund of unutilized credit under Rule 5 are different and are governed by different provisions of law - The Tribunal reiterated that payment of tax and availing credit are distinct matters, with no automatic entitlement to refund unless specifically provided by law. - Additionally, they clarified that the refund claim couldn't be considered under Rule 5 of the CENVAT Credit Rules. en-us Sat, 11 May 2024 13:35:40 +0530 Sat, 11 May 2024 13:35:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=77343 Refund of service tax paid on Reverse Charge Mechanism - It is the case of the Department that payment of service tax on RCM, availment of CENVAT credit of the same and refund of unutilized credit under Rule 5 are different and are governed by different provisions of law - The Tribunal reiterated that payment of tax and availing credit are distinct matters, with no automatic entitlement to refund unless specifically provided by law. - Additionally, they clarified that the refund claim couldn't be considered under Rule 5 of the CENVAT Credit Rules. Highlights Service Tax Sat, 11 May 2024 13:35:40 +0530 https://www.taxtmi.com/highlights?id=77343