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TMI Blog2013 (11) TMI 350X X X X Extracts X X X X X X X X Extracts X X X X ..... ort declaration in ST-3 returns - Held that:- Applicant could not have taken credit of any service which was not paid for by them and which did not form part of the value of the service rendered by them and we find that though the profit shown is only Rs. 6 lakhs, the company is running and the total revenue is of the order of Rs.60 lakhs and their plea of financial hardship cannot be acceded to, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssions they have received from the TV channels. There was a huge variation in the value of the taxable service declared in the ST 3 return and the receipts as per their annual financial statements which indicated short payment of service tax and the applicants were not able to give any explanations for such short declaration in ST-3 returns. Hence, the Revenue initiated proceedings to recover serv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it is not working and he is not able to give proper details and submits that Cenvat credit was taken based on the invoices addressed to the applicant. He pleads financial hardship since during last year they had a profit of only Rs. 6 lakhs. 4. The Ld. AR on the other hand opposes the prayer especially in the case of ineligible credit. He says that the appellant s should be put to strict terms o ..... X X X X Extracts X X X X X X X X Extracts X X X X
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