https://www.taxtmi.com/caselaws?id=762360 CESTAT Ahmedabad allowed the appeal of a cricket association regarding service tax demand and penalties. The appellant had mistakenly paid service tax on capital equipment received from BCCI, believing it was additional subsidy. When BCCI later issued a debit note clarifying the equipment was part of the total subsidy, not additional, the appellant took suo moto re-credit of the service tax paid on the equipment. The tribunal found this correction justified, relying on precedent from Saurashtra Cricket Association case, which was upheld by SC. The appeal was allowed. en-us Tue, 26 Nov 2024 00:00:00 +0530 Fri, 29 Nov 2024 16:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762360 CESTAT Ahmedabad allowed the appeal of a cricket association regarding service tax demand and penalties. The appellant had mistakenly paid service tax on capital equipment received from BCCI, believing it was additional subsidy. When BCCI later issued a debit note clarifying the equipment was part of the total subsidy, not additional, the appellant took suo moto re-credit of the service tax paid on the equipment. The tribunal found this correction justified, relying on precedent from Saurashtra Cricket Association case, which was upheld by SC. The appeal was allowed. Case-Laws Service Tax Tue, 26 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762360