Service tax payable on revenue realized and not on revenue recognized

SPML Infra Limited Vs Commissioner of CGST (CESTAT Kolkata) Held that the Service tax is paid on the basis of the revenue realized towards the provision of the taxable services and not on the basis of the revenue recognition. Facts- During the audit of the records of the appellant it was observed that appellants had not paid the service tax dues. Accordingly, the adjudicating authority issued a show cause notice and demanded the service tax amount including interest and penalty. It was also alleged that CENVAT credit of Rs. 10,43,77,114/- availed on/ or utilized should be disallowed and recove...