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Service Tax - Highlights / Catch Notes

Home Highlights November 2014 Year 2014 This

CENVAT Credit - Imposition of interest on unutilized credit - ...


Interest and Penalties Not Imposed on Unutilized CENVAT Credit, Mere Taking Doesn't Warrant Action.

November 22, 2014

Case Laws     Service Tax     AT

CENVAT Credit - Imposition of interest on unutilized credit - Rule 14 - whether a mere taken of CENVAT credit facilities without actually using it, would carry interest as well as penalty - Held No - AT

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