2007 (7) TMI 197 - AT - Service Tax

Demand was confirmed after denying the Cenvat credit in respect of service tax paid on the ground that the credit has been availed on the basis of TR-6 challans which is not a valid duty paying document - In view of the fact that credit was denied only on the ground that the same has been availed on TR-6 challans, pre-deposit of service tax and penalty is waived - stay petition is allowed

Summary

The applicant sought waiver of pre-deposit of service tax and penalty. The Tribunal granted waiver as credit was denied due to use of TR-6 challans, which were deemed invalid during the relevant period. Stay petition allowed.