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2014 (7) TMI 324 - CESTAT CHENNAIWaiver of pre deposit - Denial of CENVAT Credit - On-line information and Database access/retrieval, Internet Cafe, Leased Circuit services - Trading activity - reversal of proportionate credit not accepted - non maintenance of separate accounts for trading activity and other services activities - Held that:- when the applicants are maintaining separate accounts for the input services attributable to taxable services and non-taxable services and for the common input services, they have reversed the amount attributable to non-taxable services, which is sufficient in compliance to the provisions of Section 35F of the Central Excise Act, 1944, we waive the requirement of predeposit of the balance amount of service tax, interest and penalty and stay recovery thereof during pendency of the appeal - Stay granted.
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