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2017 (3) TMI 565 - CESTAT HYDERABADCENVAT credit - input services or not - advertisement services - broadcasting, banking and financial services - Chartered Accountant Services - Club or membership - Construction Services - Erection and Commissioning service - Held that: - the period involved is prior to 01.04.2011 when the definition of input services had a wide ambit as it included the words 'activities relating to business. The raising of funds and lending the same for interest is only for the purpose of investment which is turn used in the business of the respondent. Such activities would be included in the words ‘activities relating to business.' - investment cannot be classified as an activity and therefore separate accounts need not be maintained for such activities indulged by the respondent - appeal dismissed - decided against appellant.
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