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 Introduces E-Invoicing for Reverse Charge Self-Invoices on Domestic and Import Services
- GST Council recommends e-invoicing for reverse-charge purchases and imports of services
- GST Reform May Reclassify Services to Overseas Branches as Exports
- Five States Named Permanent Members of New GST Standing Committee
- Centre Sees Little Scope for Further GST Rate Discussions
