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2014 (6) TMI 64 - AT - Service TaxWaiver of pre deposit - Short payment of Service Tax - Take over of company - Held that:- though M/s. Satcom Network had been taken over by the appellant, Service Tax liability in respect of the value of the services provided was not being fully discharged. However, if during the years in respect of which the exemption under Notification No. 6/2005-S.T. as sought to be denied to the appellant and Service Tax is demanded, they would be entitled for Cenvat credit in respect of input services. However, even if the Cenvat credit in respect of input service is allowed, there would be some net Service Tax demand. In view of this, this is not the case for total waiver - Conditional stay granted.
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