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Service Tax - Highlights / Catch Notes

Home Highlights June 2023 Year 2023 This

Claim of interest on the amount already debited from the CENVAT ...


Interest Not Due on Reclaimed CENVAT Credit for Unsanctioned Refunds u/r 5 of CENVAT Credit Rules 2004.

June 1, 2023

Case Laws     Service Tax     AT

Claim of interest on the amount already debited from the CENVAT credit register - refund was not sanctioned and credit was taken back - The procedure prescribed for filing refund claims for unutilized CENVAT Credit in case of export of services under Rule 5 of the CENVAT Credit Rules, 2004 clearly lays down that the assessee is free to take back the credit of not sanctioned / partially sanctioned refunds. As such, payment of interest in the circumstances of these appeals is not provided for. - AT

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