In a relief to Bharti Airtel, the Banglore Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) allowed the CENVAT credit on tower materials and prefabricated buildings or shelters. The appellant, M/s Bharti Airtel contended that tower materials and prefabricated buildings or shelters on which CENVAT credit has been availed by the appellant are ‘capital goods’ and, therefore, the availment of CENVAT credit is valid. The impugned order has denied CENVAT credit of duty paid on goods like angles, beams, channels, tower/tower materials and pre- fabricated shelters on the ground that the said items do not fall under rule 2(a) of the Credit Rules and also on the ground that they do not qualify as accessories or components.
Source Taxscan
Latest Posts in "India"
- GST Success Hinges on Single Tax Rate, Report Recommends Two Slabs and Capped Peak Rate
- Uncertainty in GST Treatment for Ride-Hailing Platforms: Legal Challenges and Implications
- 56th GST Council meeting is scheduled for September 3rd and 4th, 2025
- Eight States Demand GST Rate Cuts Be Tied to Revenue Guarantee and Consumer Benefits
- CII Urges Corporates to Transfer GST Rate Cut Benefits to Consumers Before Festive Season
