TMI BlogService Tax Reverse Charge Mechanism Creates Revenue-Neutral Situation; No Mala Fide Intent Found, Demands Unsustainable.Reverse charge mechanism (RCM) - non-payment of service tax - the service tax on all the above services was available as credit to the appellant, thus leading to a Revenue neutral situation in which case again no mala fide can be attributed and demands cannot be sustained. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|