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Service Tax - Highlights / Catch Notes

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Refund claim - quantification of credit by formula as prescribed ...


Error in Refund Calculation: Incorrect Deduction of Credit for Domestic Taxes Affects Net CENVAT Credit u/r 5.

August 29, 2022

Case Laws     Service Tax     AT

Refund claim - quantification of credit by formula as prescribed by Notification No.05/2006 - the lower authorities have been in error while deducting the amount of the credit that would have been utilized for payment of the taxes/duties in respect of the domestic clearances from the total CENVAT Credit taken while determining the Net CENVAT Credit for application of formula as per Rule 5. - AT

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