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2017 (3) TMI 250 - AT - Service TaxCENVAT credit - input services - Legal services - Chartered Accountant services - denial on account of nexus - Held that: - The Department has proceeded to deny credit stating that the due diligence reports were not acted upon by the appellant for which it was sought for. This cannot be a ground for disallowing credit - Whether due diligence report has been accepted and acted upon, is wholly an internal matter of the company which the Department cannot dictate - The appellants are engaged in providing stock broker services and therefore the due diligence report obtained before committing the purchase of share warrants is definitely a service which qualifies as input service - appellant eligible for credit - appeal allowed - decided in favor of appellant.
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