Home Case Index All Cases Service Tax Service Tax + AT Service Tax - 2015 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (12) TMI 215 - CESTAT NEW DELHIDistribution of input services of Banking and financial services - Passing of credit - Held that:- zonal office was not registered as ISD at the material time, they were not eligible to pass on credit to their respective branches - credit could be taken on the basis of laid down procedure. Once Bank was not registered as ISD, they were not authorized to pass on any credit. Revenue also pointed out that the decision of the Tribunal in the case of Khaitan Electricals Ltd. v. CCE, Kolkata-VI - [2010 (11) TMI 79 - CESTAT, KOLKATA] wherein the depot was not registered as an input service distributor, the appellants were not entitled for credit at Kolkata unit which was in respect of service received by the depot at Jaipur. - Decided in favour of Revenue.
|