HomeIndirect TaxesMere Balance Sheet Discrepancies Insufficient To Deny CENVAT Credit Without Evidence of...

Mere Balance Sheet Discrepancies Insufficient To Deny CENVAT Credit Without Evidence of Clandestine Removal: CESTAT

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The Chandigarh Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that CENVAT credit cannot be denied merely on the basis of discrepancies between figures recorded in the balance sheet and statutory excise records, in the absence of any concrete evidence of suppression, clandestine removal, or non-consumption of inputs. The bench…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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