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Lack of Segregation of Credit taken on ‘Input Services’ will restrain Application of correct ratio as per CENVAT Credit Rules

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

 

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