Home Case Index All Cases Service Tax Service Tax + AT Service Tax - 2015 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (1) TMI 143 - CESTAT MUMBAICENVAT credit - Bank and Financial Services and Credit Card service - nexus/proximity to the output services - exemption under Notification no. 19/2009 - Availment of credit in respect of various assets - Held that:- Issue is debatable as regards the credit availed in respect of impugned goods being item of furniture etc. like sofa, almirah etc. and further there is prima facie case in favour of the appellant as regards the other inputs services on which CENVAT credit is availed. In this view of the matter, it is just and proper to direct the appellant to make the pre-deposit of ₹ 40 lakhs and report compliance on 13.01.2015. The appellant will be entitled to adjust out of the amount of pre-deposit, the amount which they have already paid towards or in connection with the impugned demand. Subject to such compliance, the appellant shall be entitled to stay of the balance amount of tax, interest and penalty till disposal of the appeal. - partial stay granted.
|