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HomeIndirect TaxesCan NBFCs Claim Tax Credit on Recovery Agents? CESTAT Says Yes

Can NBFCs Claim Tax Credit on Recovery Agents? CESTAT Says Yes

Indirect Taxes

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By Mariya Paliwala
Can NBFCs Claim Tax Credit on Recovery Agents? CESTAT Says Yes

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The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Chennai Bench, has ruled that non-banking financial companies (NBFCs) are entitled to claim CENVAT credit on services provided by recovery agents.  The  bench of Ajayan T.V. (Judicial Member) and M. Ajit Kumar (Technical Member) has observed that loan recovery is essential to the sustainability of lending…

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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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