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Service Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

CENVAT credit - It is true that during the relevant period only ...


Appellant Wins Case: Allowed to Carry Forward Unused 80% CENVAT Credit for Future Use.

March 5, 2019

Case Laws     Service Tax     AT

CENVAT credit - It is true that during the relevant period only 20% of credit could be utilized but we find force in the argument of the appellant that they were not barred from taking credit but were only barred from utilizing it. They were free to utilize remaining 80% in the immediate next financial year.

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