19 August 2009
Cenvat Credit is a beneficient scheme and all expenses meant for business are eligible. A number of tribunal judgements in this reagrd in 2009 clarify the same. In may view all are eligibloe as they are for business and form part of cost of goods sold under costing principles.
19 August 2009
Thanks Madhukar. Can you help me from where can i get this judgements. As per CAG report they have specified that if we do an event for staff which is not directly related to output services then it would be disallowed. The same applies for Group Mediclaim and Accidental insurance. We have such a situation over here and we want to dipute the same.
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