Thursday 20 November 2014

Credit of input services can't be denied merely because value thereof don't form part of final produ

Cenvat Credit : Revenue's submission that 'CENVAT credit cannot be allowed for service if value thereof does not form part of value subjected to excise duty' runs counter to fundamental concept of Service Tax; hence, transportation of final product upto customer's premises was eligible for Cenvat credit as input service


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