CESTAT Upholds CENVAT Credit as Service Tax Was Paid Before Credit Was Availed

Advertisement Principal Commissioner of Service Tax Vs Allahabad Bank (CESTAT Kolkata) The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata dismissed the Revenue’s appeal and upheld the adjudicating authority’s order dropping the demand for reversal of CENVAT credit availed by the respondent on deposit insurance services provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC). The dispute arose after an investigation by the DGCEI, Kochi Regional Unit, based on intelligence that the respondent had wrongly availed CENVAT credit of Service Tax paid on...