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Service Tax - Highlights / Catch Notes

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Cenvat credit – The word “used” is used in the definition of ...


Clarifying "Used" in Cenvat Credit: Functions as an Adjective, Not Past Tense, in Definitions of Inputs and Services.

February 18, 2014

Case Laws     Service Tax     AT

Cenvat credit – The word “used” is used in the definition of “inputs“, “capital goods“ and “input service“ - The word is not used as past tense of “use“ but as past participle which is an adjective to the words in question. - AT

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