Monday, November 15, 2021

Accumulated CCR can be used against services which later became taxable; One to one correlation not needed: CESTAT

EXCISE/ST/VAT : Utilisation of accumulated Cenvat credit for payment of service tax even when output service on which service tax is paid has been made a taxable service subsequently, is permissible as there is no one-to-one correlation of inputs or input services used for providing taxable services

from www.taxmann.com Latest Case Laws https://ift.tt/3HnCLd9

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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