Tag Archives: Input tax Credit

Hidden ambiguity on Cenvat credit on rent-a-cab

Hidden ambiguity on Cenvat credit on rent-a-cab Refusing to CENVAT credit on rent-a-cab services is good for revenue officers. Period till 01.04.2011, courts and tribunals allowed the credit however with action of specific exclusion in the definition of ‘Input service’ so as to disallow the credit on rent-a-cab services, most of the assessee’s became ineligible […]

Distribution of Cenvat Credit by Input Service Distributor

Distribution of Cenvat Credit by Input Service Distributor “Input service distributor” is defined in Rule 2(m) of Cenvat Credit Rules, 2004.In simple words a input service distributor is a head office/intermediary office which controls the business of manufacturer or producer of final products or output service provider and performs following activities:-

Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.