2012 (6) TMI 662 - AT - Service Tax

Waiver of pre-deposit CENVAT Credit on Share Registry Services Held that - assessees have made out a strong prime facie case for unconditional waiver as Share Registry Service is one of the specified services in the second part of the definition of Input Service , the credit appears to have been availed in accordance with law.

Summary

The Appellate Tribunal CESTAT, Chennai granted waiver of pre-deposit of service tax, interest, and penalty amounting to Rs.3,29,751 due to a strong prima facie case made by the assessees regarding credit of service tax paid on 'Share Registry Services'. The waiver was granted pending the appeal based on the Tribunal's stay order in a related case.