Wednesday 1 January 2014

Availing of stock broker's services for selling investment in shares of other co's isn't an input se

CENVAT : Where assessee, a manufacturer of telecom equipments, had invested in another telecom company and, later, sold shares therein by availing stock-broker's services, service tax paid on such services could not be allowed as input service credit even prior to 1-4-2011 because such services did not relate to any business activity of assessee


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