TMI BlogCENVAT Credit Allowed on Exercise Equipment Used for Taxable Services, Regardless of Initial Capital Goods Classification.CENVAT credit - 'exercise equipment' is, indeed, utilised as input for rendering taxable service and that the duty paid on this equipment is permissible as CENVAT credit, irrespective of whether it was initially claimed as 'capital goods.' - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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