Cenvat Credit on input services allowed if used in the course of furtherance of business
Last updated: 10 August 2022
Court :
CESTAT, Hyderabad
Brief :
The CESTAT, Hyderabad in the matter of M/s. VITP Private Limited v Commissioner of Central Tax, Hyderabad [Final Order No: A/30070-30073/2022 dated July 8, 2022] set aside the demand of service tax on refundable security deposit on the grounds that security deposit is refundable deposit and it cannot be included in the value of taxable service. Further, when there was no services rendered by the assessee towards the termination charges, the demand of termination charge cannot be sustained. Furthermore held that, assessee is entitled to the Cenvat Credit of input services for construction of immovable property, further let out to various customers.
Citation :
Final Order No: A/30070-30073/2022 dated July 8, 2022
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Bimal Jain
Published in Income Tax
Views : 241
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