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2014 (8) TMI 451 - CESTAT NEW DELHIDenial of CENVAT Credit - business auxiliary services - Whether the services of M/s. Kapsons used for arranging the loan amount, on which the said M/s. Kapsons have paid the Service Tax under the category of “business auxiliary services”, can be held to be eligible cenvatable service or not - Held that:- definition of input service, as contained in Rule 2(l) of Cenvat Credit Rules, allows credit in respect of services which are used in relation to activities relating to business, such as accounting, auditing, financing etc. The expression “such as” has been subject matter of various decisions and it stand held that the same is inclusive and not exclusive definition - Admittedly finance is required for running of business and the services of loan broken, which stand utilized for procurement of such finance has to be held to be in relation to business activities - definition itself, while giving example of input services include the services of Financing in the input service definition. Though M/s. Kapsons have not financed the business themselves but they have admittedly, by arranging a loan, have provided service relating to financing - appellant is entitled to the benefit of Cenvat credit - Decided in favour of assessee.
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