https://www.taxtmi.com/caselaws?id=760026 CESTAT Allahabad allowed the appeal for refund of service tax paid under Reverse Charge Mechanism before GST implementation. The appellant paid service tax voluntarily under self-assessment but couldn't utilize the credit due to GST transition. The tribunal held that transitional credit is a vested right protected under Section 174(2) of GST Act. Though credit isn't available as Input Tax Credit under GST, it remains eligible under erstwhile Cenvat Credit Rules and must be processed under Section 142(3) of CGST Act 2017 and refunded in cash. The lower authority's rejection was set aside. en-us Fri, 19 Jul 2024 00:00:00 +0530 Tue, 15 Oct 2024 08:39:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760026 CESTAT Allahabad allowed the appeal for refund of service tax paid under Reverse Charge Mechanism before GST implementation. The appellant paid service tax voluntarily under self-assessment but couldn't utilize the credit due to GST transition. The tribunal held that transitional credit is a vested right protected under Section 174(2) of GST Act. Though credit isn't available as Input Tax Credit under GST, it remains eligible under erstwhile Cenvat Credit Rules and must be processed under Section 142(3) of CGST Act 2017 and refunded in cash. The lower authority's rejection was set aside. Case-Laws Service Tax Fri, 19 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760026