Raja Abhishek For NIRC 2024
about 2 months ago
ššš¦š§šš§ š„šš¹š¶š»š“ š¼š» ššš”š©šš§ ššæš²š±š¶š š®š»š± šš»šš²šæš²šš šš¶š®šÆš¶š¹š¶šš š¢ The bench of CESTAT stated:
Interest liability on reversal of proportionate credit immediately after audit observation cannot be dropped unless it is paid along with interest as per law.
š šš®š°šš: šš¼šŗš½š®š»š: Motorola Mobility India Pvt. Ltd. ššššš²: Wrongly claimed credit on ineligible services and the subsequent reversal of this credit.
š£šæš¼š°š²š²š±š¶š»š“š: Motorola Mobility improperly claimed CENVAT credit on exempt services but reversed it before the show-cause notice, leading to the interest demand being dropped.
āļø ššš±š“šŗš²š»š: Proportionate credit payment under Rule 6(3A) CCR 2004 requires interest; Tribunal upheld service tax demand, correcting the Commissioner's error.
šš®šš² šš»š³š¼šæšŗš®šš¶š¼š»: š¢šæš±š²šæ šš®šš²: 30 April 2024 š£š®šæšš¶š²š: Commissioner of Central Tax vs. M/s. Motorola Mobility India Pvt Ltd šš®šš² š”š¼: Service Tax Appeal No. 21228 of 2018
š This ruling clarifies that interest on reversed CENVAT credit must be paid according to the specified rules and cannot be dropped merely due to sufficient balance in the account. #CESTAT #CENVATCredit #LegalUpdate #arr4nirc
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