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Service Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Transfer of credit - amalgamation - non-compliance with Rule 10 ...


High Court-Sanctioned Amalgamation Allows Transfer of Unutilized Credit Despite Rule 10 Challenge.

February 20, 2019

Case Laws     Service Tax     AT

Transfer of credit - amalgamation - non-compliance with Rule 10 of the Cenvat Credit Rules - Inasmuch as the transfer of the unutilized credit has been done under the approval of the Hon’ble High Court as per the scheme sanctioned by the High Courts, the denial of the same is neither justified nor warranted.

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