2014 (1) TMI 564

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.... Applicant filed this application for waiver of pre-deposit of service tax of Rs. 8,34,74,601/- interest and penalty. The applicants are registered with the revenue authorities as provider of taxable service of Renting of Immoveable Property Service and availed credit in respect of service tax paid on industrial and commercial construction activity. The applicant fairly submitted that 20% of the c....

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....ssioner of Service Tax-II, Mumbai reported in., whereby the credit was disallowed on the similar grounds and Tribunal waived the pre-deposit. The applicant relied upon the decision of the Tribunal in the case of Navaratna S.G. Highway Prop Pvt. Ltd. vs. Commr of S.T., Ahmedabad reported in 2012 (28) STR 166 (Tri Ahmd.), whereby the Tribunal allowed the credit of various input services received dur....