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Service Tax - Highlights / Catch Notes

Home Highlights September 2023 Year 2023 This

Demand of interest - advance received earlier, returned by the ...


Interest Demand on Rs. 85 Crore Advance Rejected as Per Paragraph 14.1; Order Requires Reversal of Interest Demand.

September 6, 2023

Case Laws     Service Tax     AT

Demand of interest - advance received earlier, returned by the appellant later - The demand of interest on the advance (of Rs.85 crores) received by the appellant and returned thereafter, as confirmed in paragraph 14.1 of the impugned order, cannot sustain and requires to be set aside - AT

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