The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai bench has held that lack of segregation of credit taken on ‘input services’ will restrain the application of correct ratio as per CENVAT Credit Rules. The appellant, in the business of ‘engineering, procurement and construction (EPC)’ contracts were assessed for ‘taxable services’ rendered to their…
Source Taxscan
Latest Posts in "India"
- GSTN Releases Key FAQs on GSTR 9/9C Filing for Financial Year 2024-25
- Supreme Court: VAT Credit Cannot Be Denied Due to Supplier’s Tax Default
- Trickiest countries in which to achieve compliance
- India announces changes in the Invoice Management System
- GST: India’s Grand Federal Bargain Becomes Imperfect Political Compromise After Eight Years
