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Service Tax - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Demand of Service tax at the rate of 6%/8% of the value of ...

Service Tax

March 26, 2016

Demand of Service tax at the rate of 6%/8% of the value of exempted goods - As per Sub-Rule (3A) of Rule 6(3), the Cenvat Credit required to be reversed is as per the formula prescribed. Here, as the appellant have reversed the entire credit availed on common input service, the demand of 6%/8% of the value of exempted goods is not sustainable. - AT

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