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Service Tax - Highlights / Catch Notes

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Admissibility of CENVAT Credit on various items of Furniture and ...


CENVAT Credit Denied for Furniture in Banking Services; Switching from Capital Goods to Inputs Not Allowed.

June 6, 2019

Case Laws     Service Tax     AT

Admissibility of CENVAT Credit on various items of Furniture and Fixture to the provider of Banking and Financial Services - Since the scheme of credit in respect of Capital Goods is not identical with the scheme credit on inputs such flip flop from Capital Goods to inputs should not be permissible.

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